USDCAD Daily Analysis – April 15, 2020

USDCAD’s downside movement from 1.4348 extended to as low as 1.3854. Further decline would likely be seen after a minor consolidation and next target would be at 1.3750 area. Near term resistance is at 1.4000, above this level could bring the price back towards 1.4348 resistance.

USDCAD 4-hour chart