USDCAD Weekly Analysis – April 19, 2020

USDCAD broke below 1.3920 support, suggesting that the downside movement from 1.4667 has resumed. Further decline would likely be seen and next target would be at 1.3600 area. Resistance is at 1.4250, a break of this level could trigger another rise towards 1.4600.

USDCAD daily chart