SimpleFX USDCAD Chart Analysis: September 20, 2019

The price is moving inside the ascending green and descending blue channel. At the moment, the market is near the lower border of the green channel. If in the near future there will be a rebound from this border and the level 107.83, we will see the price rise in the direction of the level 108.43, which is located on the upper wall of the blue channel. If the bears break through this level, the decline may continue to the support level 107.43, which is the lower border of the blue channel