USDCAD Weekly Analysis – May 4, 2019

USDCAD remains in the uptrend from 1.3068, the fall from 1.3520 is likely consolidation for the uptrend. As long as 1.3250 key support holds, the upside movement could be expected to resume and further rise to 1.3650 area is still possible. Only a breakdown below 1.3250 support could signal completion of the uptrend.

USDCAD daily chart