USD/CAD Daily Analysis – Thursday, Nov. 29

USD/CAD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.2782 (Oct 1 low). As long as the channel support holds, the uptrend could be expected to continue and next target would be at 1.3400 area. Key support is at 1.3181, 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. Users' ratings are only visible to themselves.

Comments

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