USDCAD Daily Analysis – Wednesday, Nov. 21


USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317.

Further rise is still possible after a minor consolidation and next target would be at 1.3350 area.

Support is at 1.3270, a breakdown below this level could bring the price back towards the bottom of the price channel on the 4-hour chart.

USDCAD 4-hour chart

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