USDCAD Daily Analysis – May 8, 2018

USDCAD is facing 1.2917 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3000 area. Key support is at 1.2803, only a breakdown below this level would indicate that the upside movement is complete, then the pair would find next support level at 1.2600.

USDCAD 4-hour chart