USDCAD Daily Analysis – November 5, 2019

USDCAD broke below 1.3135 support, suggesting that the upside movement from 1.3041 had completed at 1.3207 already. Further decline would likely be seen in the coming days and next target would be at 1.3080 area. Resistance is located at the falling trend line on the 4-hour chart, only break above the trend line resistance could trigger another bullish movement towards 1.3270.

USDCAD 4-hour chart