USDCAD Daily Analysis – November 21, 2019

USDCAD’s upside movement from 1.3041 extended to as high as 1.3327. Further rise is possible after a minor consolidation and next target would be at 1.3360 area. Near term support is at 1.3270, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart