USDCAD Daily Analysis – November 29, 2019

USDCAD continued its sideways movement in a trading range between 1.3254 and 1.3327. The sideways move is likely consolidation for the uptrend from 1.3041. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to resume and further rise to 1.3360 area is possible after the consolidation. Only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart