USDCAD Daily Analysis – November 1, 2019

USDCAD remains in the uptrend from 1.3041, the pullback from 1.3207 is likely corrective consolidation for the uptrend. As long as 1.3135 support holds, the uptrend could be expected to resume, further rise to 1.3270 area is still possible. On the downside, a breakdown below 1.3135 support would indicate that the uptrend had completed at 1.3207 already, then another fall towards 1.3050 could be seen.

USDCAD 4-hour chart