USDCAD Weekly Analysis – December 1, 2019

USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.3041. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3382 resistance. On the downside, a breakdown below the trend line support would indicate that the upside movement is complete, then another fall towards 1.3000 could be seen.

USDCAD daily chart