USDCAD Daily Analysis – Friday, Nov. 9

USDCAD broke above 1.3169 resistance, suggesting that the uptrend from 1.2782 has resumed. Further rise could be expected and next target would be at 1.3250 area.

Key support is at 1.3048, 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.