USDCAD Weekly Forex Forecast 22nd September To 29th September by yshashmi37 on

Midterm forecast: 

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm. 
Technical analysis: 

The RSI bounced from the resistance #1 at 61 and it prevented price from more gains. 
While the RSI uptrend #2 is not broken, bullish wave in price would continue. 
A peak is formed in daily chart at 1.3225 on 09/06/2018, so more losses minimum to Major Support (1.2885) is expected. 
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. 
Relative strength index ( RSI ) is 39.

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