USDCAD Daily Analysis – November 2, 2018

USDCAD remains in the uptrend from 1.2782, the pullback from 1.3169 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3250 area. Key support is at 1.2969, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart