USDCAD Daily Analysis – April 22, 2020

USDCAD extended its upside movement from 1.3854 to as high as 1.4264, breaking above 1.4182 resistance. Further rise could be expected in the coming days and next target would be at 1.4400 area. Near term support is at 1.4155, a breakdown below this level could bring the price back towards 1.4000.

USDCAD 4-hour chart