USDCAD Daily Analysis – November 15, 2017

USDCAD is now in short term uptrend from 1.2666. Further rise to test 1.2819 resistance would likely be seen, a breakout of this level could bring price towards 1.2916 previous high. Near term support is at 1.2666, only a breakdown below this level could indicate that the downside movement from 1.2916 has resumed, then further decline towards 1.2433 could be seen.

USDCAD 4-hour chart