USDCAD Daily Analysis – April 30, 2020

USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area. Resistance is located at the bearish trend line on the 4-hour chart, a breakout of the trend line resistance would indicate that the downside movement from 1.4264 is complete, then another rise towards 1.4300 could be seen.

USDCAD 4-hour chart