USD/CAD Daily Analysis – Monday, Nov. 26


USD/CAD failed to break below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. Another rise could be expected in the coming days and next target would be at 1.3400 area. Only a breakdown below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart

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