USDCAD Daily Analysis – May 6, 2020

USDCAD broke below 1.4045 support, suggesting that the upside movement from 1.3849 had completed at 1.4151 already. Further decline would likely be seen and next target would be at 1.3900 area. Resistance is at 1.4151, only break above this level could trigger another rise towards 1.4400.

USDCAD 4-hour chart