USDCAD Daily Analysis – November 28, 2017

USDCAD failed to break below 1.2666 support and stayed in a trading range between 1.2666 and 1.2836. Further rise to test 1.2836 resistance would likely be seen. A breakout of this level could take price towards 1.2916 previous high. Near term support is at 1.2666, below this level will indicate that the downtrend from 1.2916 has resumed, then next target would be at 1.2600, followed by 1.2433.

USDCAD 4-hour chart