USDCAD Daily Analysis – November 14, 2019

USDCAD extended its upside movement from 1.3114 to as high as 1.3268. As long as the price is in the rising channel 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, a breakdown below this level would indicate that the upside movement had completed at 1.3268 already, then another fall towards 1.3050 could be seen.

USDCAD 4-hour chart