USD/CAD Daily Analysis – Wednesday, April 3

USD/CAD remains in the downtrend from 1.3450, the bounce from 1.3297 could be treated as consolidation for the downtrend.

USD/CAD remains in the downtrend from 1.3450, the bounce from 1.3297 could be treated as consolidation for the downtrend. Deeper decline could be expected in a couple of days and next target would be at 1.3250 area. Resistance is at 1.3373, only break above this level could trigger another rise towards 1.3500.

USDCAD 4-hour chart

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