USD/CAD Daily Analysis – Thursday, Nov. 21

USD/CAD’s upside movement from 1.3041 extended to as high as 1.3327. Further rise is possible after a minor consolidation and next target would be at 1.3360 area. Near term support is at 1.3270, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart

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