USD/CAD Daily Analysis – Tuesday, Nov. 13


USD/CAD extended its upside movement from 1.2782 to as high as 1.3248. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3300 area. Near-term support is at 1.3170, below this level could bring the price back to the bottom of the channel.

USDCAD 4-hour chart

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