USDCAD Daily Analysis – May 28, 2020

USDCAD remains in the downtrend from 1.4048, 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, only break above this level could bring the price back towards the falling trend line on the 4-hour chart.

USDCAD 4-hour chart