USDCAD Daily Analysis – October 29, 2018

USDCAD broke above 1.3132 resistance and extended its upside movement from 1.2782 to 1.3160 area. Further rise could be expected and next target would be at 1.3200 area. Key support is at 1.2969, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart