USDCAD Daily Analysis – December 4, 2017

USDCAD moved sideways in a trading range between 1.2666 and 1.2916 and is now facing 1.2666 support once again. A breakdown below this level could take price to next support level at 1.2600, followed by 1.2433. Resistance levels are at 1.2800 and 1.2916, above these levels will indicate that the uptrend from 1.2061 (Sep 8 low) has resumed, then next target would be at 1.3100 area.

USDCAD 4-hour chart