USDCAD Daily Analysis – November 12, 2019

USDCAD extended its upside movement from 1.3114 to as high as 1.3257. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3300 area. Key support is at 1.3212, only break below this level could signal completion of the uptrend.

USDCAD 4-hour chart