USDCAD Weekly Analysis – May 3, 2020

USDCAD moved sideways in a trading range between 1.3849 and 1.4348. Another fall towards the rising trend line on the daily chart would likely be seen after the sideways movement. Resistance is at 1.4348, only break above this level could trigger another rise towards 1.4667 resistance.

USDCAD daily chart