USDCAD Daily Analysis – May 3, 2019

USDCAD broke above 1.3430 resistance, suggesting that the downside movement from 1.3520 had completed at 1.3376 already. Further rise to test 1.3520 resistance would likely be seen in the coming days, a break of this level would aim 1.3600 area. Near term support is at 1.3430, a breakdown below this level could trigger another fall towards 1.3300.

USDCAD 4-hour chart