USDCAD Daily Analysis – December 3, 2019

USDCAD remains in the uptrend from 1.3041, the price action from 1.3327 is likely consolidation for the uptrend. As long as 1.3254 support holds, the upside movement could be expected to resume, and further rise to 1.3360 area is possible after the consolidation. On the downside, a breakdown 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