USDCAD Daily Analysis – April 25, 2019

USDCAD extended its upside movement from 1.3274 to as high as 1.3520. Further rise is still possible after a minor consolidation and next target would be at 1.3550 area. Near term support is at 1.3460, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart