USD/CAD Daily Analysis – Monday, May 20

USD/CAD failed to break above 1.3520 resistance and stayed in a trading range between 1.3376 and 1.3520. Another fall to test 1.3376 support would likely be seen, a breakdown below this level could take the price to 1.3300 area. Resistance is at 1.3520, a break of this level would indicate that the upside movement from 1.3274 has resumed, then the next target would be at 1.3600 area.

USDCAD 4-hour chart

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