Intraday Analysis - Wednesday, Nov. 11

By David Kindley of Orbex

Leading FX Broker • Nov 11, 2026 at 4:10 AM EST

The GBPUSD looks for support at 1.3340 as traders eye a potential rebound, while USDCAD surges toward a multi-month high of 1.4200. The Dow (US30) remains cautious but could rally toward 53800 if it clears key resistance at 52600.

GBPUSD

GBPUSD looks for support

GBPUSD intraday chart displaying price trends and key support and resistance levels.

The GBPUSD, like many of the dollar’s competitors, continues to lag as hot inflation increased the chance of a rate hike.

The GBPUSD is looking to find a bottom after the recent downward progression.
However, with traders buying the dip, this could trigger a bounce at 1.3340, which becomes a critical support.
A close above 1.3400 would extend the rebound towards 1.3500.
A bullish breakout could open the door to a sustained recovery.

USDCAD hits multi-month high

USDCAD intraday chart displaying price trends and key support and resistance levels.

The Canadian dollar slid further as price action aims towards another multi-month high at 1.4200.

A clean break above 1.4100 forced sellers to cover, fuelling the bullish momentum.
With a potential bullish continuation in the days to come, the pair could add another 50 pips.
1.4135 is now a fresh support if a reversal materialises, as 1.4000 is a psychological bottom.

US 30 looking for momentum

US 30 intraday chart displaying price trends and key support and resistance levels.

The Dow remains subdued after failing to recapture its recent high.

With sentiment cautious, a bounce above 52600 could give bulls the push for a fresh peak.
52000 is a fresh support, and its breach could lead prices back towards the 50900 floor.
A break higher could continue the recent bullish rally towards 53800.

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