USDCAD Daily Analysis – November 4, 2019

USDCAD is facing 1.3135 support, a breakdown below this level would indicate that the upside movement from 1.3041 had completed at 1.3207 already, then the pair would find next support at around 1.3080. However, as long as 1.3135 support holds, the upside movement could be expected to resume, further rise to 1.3270 area is still possible.

USDCAD 4-hour chart