USDCAD Daily Analysis – November 21, 2018

USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317. Further rise is still possible after a minor consolidation and next target would be at 1.3350 area. Support is at 1.3270, a breakdown below this level could bring the price back towards the bottom of the price channel on the 4-hour chart.

USDCAD 4-hour chart