USDCAD Daily Analysis – April 10, 2019

USDCAD extended its downside movement from 1.3450 to as low as 1.3283, breaking below 1.3295 support. Further decline could be expected after a minor consolidation and next target would be at 1.3200 area. Resistance is located at the falling trend line on the 4-hour chart, only a break of the trend line resistance could trigger another rise towards 1.3500.

USDCAD 4-hour chart