USDCAD Daily Analysis – Monday, Oct. 1

By Staff of ForexCycle
Monday, October 1, 2018 5:23 AM EDT

USDCAD dropped sharply from 1.3081 to as low as 1.2812.

Further decline could be expected after a minor consolidation and next target would be at 1.2750 area.

Resistance is at 1.2920, only a break of this level could bring the price back towards 1.3050.

USDCAD 4-hour chart

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