USDCAD Daily Analysis – April 10, 2020

USDCAD is testing 1.2920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3800 area. Near term resistance is at 1.4080, above this level could trigger another rise towards 1.4348 resistance.

USDCAD 4-hour chart