USDCAD Daily Analysis – May 2, 2018

USDCAD moved sideways in a trading range between 1.2804 and 1.2913. A breakdown below 1.2804 support would indicate that corrective consolidation for the uptrend from 1.2526 is underway, then the pair would find support at around 1.2600. Resistance is at 1.2913, above this level could trigger another upside move towards 1.3000.

USDCAD 4-hour chart