USDCAD Daily Analysis – Wednesday, May 20

By Staff of ForexCycle
Wednesday, May 20, 2020 6:12 AM EDT

USDCAD is facing 1.3849 support, a breakdown below this level could take the price to 1.3700 area.

Near term resistance is at 1.3980, a break of this level could trigger another rise towards the falling trend line on the 4-hour chart.

USDCAD 4-hour chart

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