USDCAD Daily Analysis – November 11, 2019

USDCAD broke above 1.3207 resistance, suggesting that the uptrend from 1.3041 has resumed. Further rise would likely be seen in a couple of days and next target would be at 1.3280 area. Near term support is at the rising trend line on the 4-hour chart, only break below the trend line support could bring the price back to 1.3130 area.

USDCAD 4-hour chart