USDCAD Daily Analysis – May 7, 2019

USDCAD failed to break above 1.3520 resistance and stayed in a trading range between 1.3376 and 1.3520. Another fall to test 1.3376 could be expected, a breakdown below this level could take the price to 1.3300 area. Near term resistance is at 1.3455, a break of this level could trigger another rise to test 1.3520 resistance.

USDCAD 4-hour chart