USDCAD Daily Analysis – April 5, 2017

USDCAD’s bounce from 1.3264 extended to as high as 1.3455. The subsequent fall from 1.3455 is likely resumption of the downtrend from 1.3535. Deeper decline to test 1.3264 support is possible in a couple of days. Resistance is at 1.3455, only break above this level could bring price back to the uptrend from 1.3264.

USDCAD chart