USDCAD Daily Analysis – May 14, 2019

USDCAD continued its sideways movement in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance could be expected, a break of this level could take the price to next resistance level at around 1.3600. Near term support is at 1.3450, below this level could bring the price back towards 1.3376.