USD/CAD Weekly Analysis – Tuesday, Oct. 30

USD/CAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2782. As long as the price is above the trend line, the fall from 1.3159 could be treated as consolidation for the uptrend and further rise towards 1.3200 is still possible. 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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