USDCAD Weekly Analysis – Sunday, Nov. 11


USDCAD extended its upside movement from 1.2782 to as high as 1.3021, breaking above the resistance level at 1.3226.

A further rise could be expected and next target would be at 1.3385 resistance. Near term support is located at the rising trend line on the daily chart, only a breakdown below the trend line support could signal completion of the uptrend.

USDCAD daily chart

 

 

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