USDCAD Daily Analysis – May 10, 2017

USDCAD remains in downtrend from 1.3793, the rise from 1.3641 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only a break of this level could trigger another rise towards 1.3900.

USDCAD chart