USDCAD Daily Analysis – May 28, 2019

USDCAD remains in the short term uptrend from 1.3357, the pullback from 1.3502 is likely corrective consolidation for the uptrend. As long as 1.3400 support holds, the upside movement could be expected to resume, another rise to test 1.3520 resistance is still possible after the consolidation. Only a breakdown below 1.3400 support could trigger another fall towards 1.3350.

USDCAD 4-hour chart