USDCAD Daily Analysis – April 8, 2020

USDCAD is facing 1.3920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3700 area. Near term resistance is at 1.4070, a break of this level could trigger another rise towards 1.4348 resistance.

USDCAD 4-hour chart