USDCAD Daily Analysis – April 24, 2019

USDCAD broke above 1.3402 resistance and extended its upside movement from 1.3274 to as high as 1.3457. Further rise could be expected in a couple of days and next target would be at 1.3500 area. Near term support is at 1.3430, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart