USDCAD Daily Analysis – May 11, 2017

No changed in our view, USDCAD remains in downtrend from 1.3793, the rise from 1.3641 would possibly be 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