USDCAD Daily Analysis – May 30, 2019

USDCAD extended its upside movement from 1.3357 to as high as 1.3546, breaking above 1.3520 key resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3600 area. Near term support is at 1.3475, a breakdown below this level could bring the price back to 1.3450 area.

USDCAD 4-hour chart