USDCAD Daily Analysis – April 25, 2017

USDCAD moved above 1.3535 resistance and reached as high as 1.3560. Further rise is still possible and next target would be at 1.3600 area. Near term support is at the ascending trend line on 4-hour chart, as long as the pair is above the trend line, the uptrend from 1.3223 will continue. Key support is at 1.3410, only break below this level could signal completion of the uptrend.

USDCAD chart