USDCAD Daily Analysis – November 13, 2019

USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3114. As long as the channel support holds, the pullback from 1.3257 could be treated as consolidation for the uptrend and further rise to 1.3300 area is still possible. Key support is at 1.3212, only break below this level could signal completion of the uptrend.

USDCAD 4-hour chart