USDCAD Daily Analysis – November 15, 2018

USDCAD stays a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2782. As long as the price is in the channel, the upside movement could be expected to continue 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 channel.

USDCAD 4-hour chart