USDCAD Daily Analysis – May 10, 2019

USDCAD failed to break above 1.3520 resistance and stayed in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance is still possible, a break of this level could trigger further upside movement towards 1.3600. Key support is at 1.3376, below this level would indicate that the upside movement from 1.3274 had completed at 1.3520 already, then deeper decline to 1.3300 area could be seen.

USDCAD 4-hour chart