USDCAD Daily Analysis – Wednesday, May 27

USDCAD broke below 1.3849 support, 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, a breakout of this level could bring the price back towards the falling trend line on the 4-hour chart.

USDCAD 4-hour chart

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