USDCAD Daily Analysis – April 12, 2019

USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3450 had completed at 1.3283 already. Further rally could be expected after a minor consolidation and next target would be at 1.3450 area. Support is at 1.3340, below this level could trigger another fall towards 1.3250.

USDCAD 4-hour chart