USDCAD Daily Analysis – May 16, 2017

USDCAD broke below 1.3641 support, indicating that the uptrend from 1.3223 had completed at 1.3793 already. Further decline could be expected in a couple of days, and next target would be at 1.3500 area. Resistance is at 1.3730, only a break of this level could trigger another rise towards 1.3900.

USDCAD chart