USDCAD Daily Analysis – May 14, 2020

USDCAD extended its upside movement from 1.3899 to as high as 1.4114. Further rise is still possible and next target would be at falling trend line on the 4-hour chart. Near term support is at 1.4000, only break below this level could trigger another fall towards 1.3850.

USDCAD 4-hour chart