USDCAD Daily Analysis – November 17, 2017

USDCAD is facing the support of the rising trend line on the 4-hour chart. A clear break below the trend line support could take price to next support level at 1.2666. Below this level could trigger further downside movement towards 1.2570, followed by 1.2433. On the upside, as long as the trend line support holds, the short term uptrend could be expected to continue and next target would be at 1.2819. Above here would aim 1.2916 previous high.

USDCAD 4-hour chart