Being contained by the support of the price channel on 4-hour chart, USDCAD rebounded from 1.3101, indicating that the pair remains in uptrend from 1.2822. Further rise could be expected in a couple of days, and the target would be at 1.3350 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 1.3313 already, then deeper decline to 1.2800 area could be seen.
For more short term forex analysis and info visit via USDCAD Daily Analysis - October 17, 2016 . Thanks for your support.
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