USD/CAD Daily Analysis – Tuesday, November 21

USD/CAD is facing 1.2819 resistance once again. A breakout of this level could take price towards 1.2916 previous high. Near-term support is at the rising trend line on the 4-hour chart. Only a clear break below the trend line will indicate that the short-term uptrend from 1.2666 is complete, then deeper decline to test 1.2666 support could be seen. Below this level would aim 1.2433

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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