USDCAD Daily Analysis – May 15, 2019

USDCAD moved sideways in a trading rang between 1.3376 and 1.3520 for several weeks. As long as 1.3376 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3274, a breakout of 1.3520 resistance could trigger another rise towards 1.3600.

USDCAD 4-hour chart