USDCAD Weekly Analysis – April 26, 2020

USDCAD broke above 1.4250 resistance, suggesting that the downside movement from 1.4667 had completed at 1.3854 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.4600 area. Support is at 1.3854, only break below this level could trigger another fall towards the rising trend line on the daily chart.

USDCAD daily chart