USDCAD Daily Analysis – November 12, 2014

USDCAD stays in the trading range between 1.1300 and 1.1466. As long as 1.1300 support holds, the price action could be treated as consolidation of the uptrend from 1.1121, another rise to 1.1600 area is still possible after consolidation. Support is at 1.1300, only break below this level could trigger another fall to 1.1250 zone.

usdcad chart