USDCAD Daily Analysis – Monday, Nov. 5

USDCAD failed to break below the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782.

Another rise could be expected and next target would be at 1.3250 area.

Key support is at 1.2969, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

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