USDCAD Daily Analysis – April 3, 2019

USDCAD remains in the downtrend from 1.3450, the bounce from 1.3297 could be treated as consolidation for the downtrend. Deeper decline could be expected in a couple of days and next target would be at 1.3250 area. Resistance is at 1.3373, only break above this level could trigger another rise towards 1.3500.

USDCAD 4-hour chart