USDCAD Weekly Analysis – November 8, 2015

USDCAD’s rise from 1.2831 extended to as high as 1.3317. Further rise to test 1.3456 resistance is possible next week, a break of this level will signal resumption of the uptrend from 1.1919, then next target would be at 1.4000 area. On the other side, as long as 1.3456 resistance holds, one more fall to 1.2500 area is still possible.

usdcad chart