USDCAD Daily Analysis – November 28, 2019

USDCAD moved sideways in a trading range between 1.3254 and 1.3327. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from 1.3041, further rise towards 1.3360 is possible after the consolidation. Only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart