USDCAD Daily Analysis – November 20, 2018

USDCAD failed to break below the rising price channel on the 4-hour chart and rebounded from 1.3126. Further rally would likely be seen and next target would be at 1.3250 area. Support is at 1.3126, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart