USD/CAD Daily Analysis – Friday, Nov. 16

USD/CAD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3263 could be treated as consolidation for the uptrend and another rise towards 1.3300 is possible after the consolidation. Only a clear break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart

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