USD/CAD Weekly Analysis – Sunday, Dec. 2

USD/CAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the upside movement could be expected to continue and the next target would be at the 1.3450 area.

Key support is at 1.3126, a breakdown below this level would indicate that the upside movement had completed at 1.3359 already, then a deeper decline towards 1.12800 could be seen.

USDCAD daily chart

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