USD/CAD Daily Analysis – Wednesday, Nov. 28

USD/CAD broke above 1.3317 resistance, suggesting that the uptrend from 1.2782 (Oct 1 low) has resumed. Further rise could be expected and next target would be at 1.3400 area. Near term support is at 1.3285, a breakdown below this level could bring the price back toward the bottom of the price channel on the 4-hour chart.

USDCAD 4-hour chart

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