USDCAD Daily Analysis – November 4, 2014

USDCAD is facing 1.1385 resistance, a break of this level will indicate that the uptrend from 1.0810 (Aug 29 low) has resumed, then next target would be at 1.1500 area. Support is at 1.1260, only break below this level will indicate that lengthier consolidation of the uptrend is underway, then deeper decline to 1.1160 area could be seen.

usdcad chart