USDCAD Daily Analysis – November 15, 2019

USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.3114 had completed at 1.3270 already. Deeper decline to test 1.3212 support would likely be seen, below this level could take the price to 1.3160 area. Resistance is at 1.3270, only break above this level could trigger another rise towards 1.3300.

USDCAD 4-hour chart