USDCAD Daily Analysis – April 17, 2020

USDCAD remains in the uptrend from 1.3854, the pullback from 1.4182 is likely corrective consolidation for the uptrend. Another rise could be expected after the consolidation and a break of 1.4182 resistance could take the price to 1.4400 area. Key support is at 1.3854, only break below this level could trigger another fall towards 1.3500.

USDCAD 4-hour chart