USDCAD Daily Analysis – Tuesday, Nov. 20


USDCAD failed to break below the rising price channel on the 4-hour chart and rebounded from 1.3126.

A further rally would likely be seen and the next target would be at 1.3250 area.

Support is at 1.3126, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

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