USD/CAD Weekly Analysis – Sunday, Nov. 4

USD/CAD stays above a rising trend line on its 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 1.3300 area.

Only a breakdown below the trend line support could bring the price back into the 1.2850 zone.

USDCAD daily chart

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