USDCAD Daily Analysis – November 21, 2017

USDCAD is facing 1.2819 resistance once again. A breakout of this level could take price towards 1.2916 previous high. Near term support is at the rising trend line on the 4-hour chart. Only a clear break below the trend line will indicate that the short term uptrend from 1.2666 is complete, then deeper decline to test 1.2666 support could be seen. Below this level would aim 1.2433

USDCAD 4-hour chart