USDCAD Weekly Analysis – May 10, 2020

USDCAD is facing 1.3849 support, a breakdown below this level could trigger further downside movement towards the rising trend line on the daily chart. Key resistance is at 1.4348, only break above this level would indicate that the fall from 1.4667 had completed at 1.3849 already, then another rise towards 1.4700 could be seen.

USDCAD daily chart