USDCAD Weekly Analysis – May 11, 2019

USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.3068. As long as the trend line support holds, the fall from 1.3520 could be treated as consolidation for the uptrend, further rise towards 1.3650 could be expected after the consolidation. Key support is at 1.3250, only a breakdown below this level could signal completion of the uptrend.

USDCAD daily chart