USDCAD Weekly Analysis – November 10, 2019

USDCAD moved sideways in a trading range between 1.3015 and 1.3382. The sideways movement is likely consolidation for the downtrend from 1.3664 (Dec 31, 2018 high), as long as 1.3382 key resistance holds, another fall towards 1.2800 could be expected after the consolidation.