USDCAD Weekly Analysis – November 10, 2018

USDCAD extended its upside movement from 1.2782 to as high as 1.3021, breaking above the resistance level at 1.3226. Further rise could be expected and next target would be at 1.3385 resistance. Near term support is located at the rising trend line on the daily chart, only a breakdown below the trend line support could signal completion of the uptrend.

USDCAD daily chart