USDCAD Daily Analysis – April 13, 2020

USDCAD’s fall from 1.4348 extended to as low as 1.3922, facing the support level at 1.3920, a breakdown below this level could trigger further downside movement to 1.3800 area. Near term resistance is at 1.4080, above this level could bring the price back towards 1.4348 resistance.

USDCAD 4-hour chart