USDCAD Daily Analysis – November 26, 2018

USDCAD failed to break below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. Another rise could be expected in the coming days and next target would be at 1.3400 area. Only a breakdown below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart