USDCAD Daily Analysis – May 15, 2020

USDCAD is facing the resistance of the falling trend line on the 4-hour chart. A break of the trend line resistance could trigger further upside movement towards 1.4350 area. Near term support is at 1.4000, below this level could bring the price back to 1.3850 area.

USDCAD 4-hour chart