USD/CAD Daily Analysis – Wednesday, Oct. 31

USD/CAD remains in the uptrend from 1.2782. Further rise is still possible 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 on the 4-hour chart.

USDCAD 4-hour chart

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