USDCAD Daily Analysis – November 18, 2016

USDCAD is facing 1.3588 resistance, a break of this level will indicate that the uptrend from 1.3005 has resumed, then next target would be at 1.3700 area. On the downside, as long as 1.3588 resistance holds, the rise from 1.3399 would possibly be correction of the downtrend from 1.3558, another fall to 1.3250 area is still possible.

usdcad chart