USDCAD Daily Analysis – November 19, 2019

USDCAD broke below 1.3212 support, suggesting that the upside movement from 1.3041 had completed at 1.3270 already. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.3160 area. Only break above the trend line resistance could trigger another rise towards 1.3270.

USDCAD 4-hour chart