USD/CAD Daily Analysis – Thursday, Nov. 1

USD/CAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3065, a breakdown below this level could bring the price back towards the bullish trend line.

USDCAD 4-hour chart

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