USDCAD Weekly Analysis – November 13, 2016

USDCAD continued its upward movement from 1.2460, and the rise extended to as high as 1.3548. Near term support is at 1.3240, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3700 area. Key support is at 1.3000, only break below this level could signal completion of the uptrend.

usdcad chart