USDCAD Daily Analysis – April 14, 2020

USDCAD extended its downside movement from 1.4348 to as low as 1.3854, breaking below 1.3920 support. Further decline is still possible after a minor consolidation and next target would be at 1.3800 area. Near term resistance is at 1.4000, a break of this level could bring the price back towards 1.4348 resistance.

USDCAD 4-hour chart