USDCAD Weekly Analysis – April 28, 2019

USDCAD broke above 1.3467 resistance, suggesting that the uptrend from 1.3068 has resumed. Further rise could be expected in a couple of weeks and next target would be at 1.3650 area. Near term support is at 1.3400, a breakdown below this level could trigger another fall towards 1.3250.

USDCAD daily chart