USDCAD Weekly Analysis – May 17, 2020

USDCAD stays in a trading range between 1.3849 and 1.4348. Resistance is at 1.4348, as long as this level holds, the fall from 1.4667 could be expected to resume and further decline to the rising trend line on the daily chart is possible. Only break above 1.4348 resistance could trigger another rise towards 1.4700.

USDCAD daily chart