USDCAD Weekly Analysis – November 17, 2018

USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.3350 area. Key support is at 1.3048, only a breakdown below this level could bring the price back towards 1.2800.

USDCAD daily chart