USDCAD Daily Analysis – Friday, Sept. 7

USDCAD dropped sharply from 1.3226, suggesting that the upside movement from 1.2887 had completed.

Deeper decline would likely be seen and next target would be at 1.3000 area.

Resistance is at 1.3226, only a break of this level could trigger another rise towards 1.3350.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.