USDCAD Daily Analysis – April 2, 2020

USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1.3800 area. Key resistance is at 1.4348, only break above this level could trigger another rise towards 1.4600.

USDCAD 4-hour chart