USDCAD Daily Analysis – April 30, 2019

USDCAD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.3520 could be treated as consolidation for the uptrend from 1.3274, another rise towards 1.3600 could be expected after the consolidation. Only a breakdown below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart