USD/CAD Daily Analysis – Friday, Nov. 2

USD/CAD remains in the uptrend from 1.2782, the pullback from 1.3169 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3250 area. Key support is at 1.2969, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

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