USDCAD Weekly Analysis – November 20, 2016

USDCAD’s upward movement from 1.2460 extended to as high as 1.3588. Support is now at 1.3264, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3800 area. Only break below 1.3264 support could signal completion of the uptrend.

usdcad chart