USDCAD Daily Analysis – May 10, 2018

USDCAD dropped sharply from 1.2997, breaking below 1.2870 support. Deeper decline to test 1.2803 support could be expected, a breakdown below this level would confirm that the upside movement from 1.2526 had completed at 1.2997 already, then the pair would find next support level at 1.2600.

USDCAD 4-hour chart