USDCAD Daily Analysis – November 21, 2016

USDCAD failed to break above 1.3588, indicating that the pair remains in downtrend from 1.3588. Deeper decline is possible, and the target would be at 1.3250 area. On the upside, a break of 1.3588 resistance will signal resumption of the uptrend from 1.3005, then the following upward movement could bring price to 1.3700 zone.

usdcad chart