USDCAD Daily Analysis – November 27, 2017

USDCAD is testing 1.2666 support. A breakdown below this level could signal resumption of the downtrend from 1.2916, then next target would be at 1.2600 area. Below here would aim 1.2433 support. Near term resistance is at 1.2750, a break above this level could bring price to test 1.2836 resistance. A breakout of this level could signal resumption of the uptrend from 1.2666, then next target would be at 1.2916 previous high.

USDCAD 4-hour chart