USDCAD Weekly Analysis – November 24, 2018

USDCAD extended its upside movement from 1.2782 to as high as 1.3317. As long as the price is above the bullish trend line on the daily chart, the upside movement could be expected to continue and next target would be at 1.3450 area. Key support is now at 1.3126, a breakdown below this level would indicate that the uptrend had completed at 1.3317 already, then the pair would find next support level at around 1.2800.

USDCAD daily chart