USDCAD Daily Analysis – April 26, 2019

USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3274. As long as the trend line support holds, the pullback from 1.3520 could be treated as consolidation for the uptrend, further rise towards 1.3550 could be expected after the consolidation. Near term support is at 1.3460, a breakdown below this level could bring the price back towards the trend line.

USDCAD 4-hour chart