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.