USDCAD Daily Analysis – May 27, 2020

USDCAD broke below 1.3849 support, further decline would likely be seen after a minor consolidation and next target would be at 1.3600 area. Near term resistance is at 1.3840, a breakout of this level could bring the price back towards the falling trend line on the 4-hour chart.

USDCAD 4-hour chart