USDCAD Daily Analysis – Tuesday, Nov. 28


USDCAD failed to break below 1.2666 support and stayed in a trading range between 1.2666 and 1.2836.

Further rise to test 1.2836 resistance would likely be seen. A breakout of this level could take price towards 1.2916 previous high.

Near-term support is at 1.2666, below this level will indicate that the downtrend from 1.2916 has resumed, then next target would be at 1.2600, followed by 1.2433.

USDCAD 4-hour chart

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