USDCAD Daily Analysis – December 2, 2019

USDCAD moved sideways in a trading range between 1.3254 and 1.3327 for several days. As long as 1.3254 support holds, the sideways move could be treated as consolidation for the uptrend from 1.3041, further rise to 1.3360 area is possible after the consolidation. Only break below 1.3254 support would indicate that the uptrend had completed at 1.3327 already, then the pair would find support at around 1.3200.

USDCAD 4-hour chart