USDCAD Daily Analysis – May 13, 2019

USDCAD failed to break below 1.3376 support and continued its sideways movement in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance would likely be seen in the coming days, a break of this level could trigger further upside movement to 1.3600. On the downside, a breakdown below 1.3376 support could take the price to 1.3300 area.

USDCAD 4-hour chart