USDCAD Daily Analysis – November 14, 2018

USDCAD’s upside movement from 1.2782 extended to as high as 1.3263. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3170, below this level could bring the price back to the bottom of the price channel on the 4-hour chart.

USDCAD 4-hour chart