USDCAD Daily Analysis – Monday, Nov. 11

USDCAD broke above 1.3207 resistance, suggesting that the uptrend from 1.3041 has resumed. Further rise would likely be seen in a couple of days and next target would be at 1.3280 area.

Near term support is at the rising trend line on the 4-hour chart, only break below the trend line support could bring the price back to 1.3130 area.

USDCAD 4-hour chart

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