USDCAD Daily Analysis – May 21, 2018

USDCAD moved sideways in a trading range between 1.2728 and 1.2924. The sideways move is likely consolidation for the downtrend from 1.2997. Another fall could be expected after the consolidation and a breakdown below 1.2728 support could trigger further downside movement towards 1.2500.

USDCAD 4-hour chart