USDCAD Daily Analysis – Thursday, Nov. 30

USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days.

USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days.

A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then the following upside movement could take price to 1.3100 area.

USDCAD 4-hour chart

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