USDCAD Weekly Analysis – May 14, 2017

USDCAD’s upward movement was limited by the top trend line of the price channel on daily chart. Pullback to the bottom of the channel is possible over the next several weeks. However, a breakdown below 1.3600 support is needed to confirm such case. As long as 1.3600 support holds, the uptrend could be expected to continue.

USDCAD chart