USDCAD Daily Analysis – May 12, 2017

USDCAD moved sideways in a trading range between 1.3641 and 1.3793. Support level is at 1.3641, a breakdown below this level will confirm that the upward movement from 1.3223 had completed at 1.3793 already, then 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