USDCAD Daily Analysis – May 6, 2019

USDCAD moved sideways in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance would likely be seen, a break of this level would trigger further upside movement towards 1.3600. Near term support is at 1.3445, a breakdown below this level could take the price back towards 1.3376 support.

USDCAD 4-hour chart