USDCAD Daily Analysis – May 26, 2020

USDCAD is facing 1.3950 support, a breakdown below this level could trigger another fall to test 1.3849 support. However, as long as 1.3950 support holds, the pullback from 1.4048 could be treated as consolidation for the uptrend from 1.3866, and further rise towards the falling trend line on the 4-hour chart is possible.

USDCAD 4-hour chart