USDCAD Daily Analysis – November 20, 2019

USDCAD extended its upside movement from 1.3041 to as high as 1.3283, breaking above 1.3270 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3250, only break below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart