USDCAD Daily Analysis – November 12, 2018

USDCAD stays in a bullish price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.3300 area. Key support is at 1.3048, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart