USD/CAD Daily Analysis – Monday, Nov. 12

USD/CAD stays in a bullish price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.3300 area. Key support is at 1.3048, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.