USDCAD Weekly Analysis - November 16, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 November 2014 04:31 UTC
USDCAD remains in uptrend from 1.0619, the fall from 1.1466 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to resume, and next target would be at 1.1800 area. Key support is at 1.1121, only break below this level could signal completion of the uptrend.

usdcad chart

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