USDCAD Daily Analysis – April 20, 2020

USDCAD is in consolidation for the uptrend from 1.3854, range trading between 1.3960 and 1.4182 would likely be seen in a couple of days. As long as 1.3960 support holds, the uptrend could be expected to resume and further rise to 1.4400 area is possible. Key support is at 1.3854, only break below this level could trigger another fall towards 1.3600.

USDCAD 4-hour chart