USDCAD Daily Analysis – May 9, 2019

USDCAD moved sideways in a trading range between 1.3376 and 1.3520 for several days. As long as 1.3376 key support holds, the uptrend from 1.3274 could be expected to resume, further rise towards 1.3600 is still possible after the consolidation. Only a breakdown below 1.3376 support could signal completion of the uptrend.

USDCAD 4-hour chart