USDCAD Daily Analysis – April 4, 2019

USDCAD moved sideways in a trading range between 1.3295 and 1.3373. As long as 1.3373 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3450, further decline to 1.3250 area is still possible after the consolidation. Only break above 1.3373 resistance could trigger another rise towards 1.3500.

USDCAD 4-hour chart