USDCAD Daily Analysis – Monday, Oct. 1

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

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.