(04 MAY 2020)USD/CAD The bias remains bullish.

Pivot
 (invalidation): 1.4075
Our preference
Long positions above 1.4075 with targets at 1.4165 & 1.4200 in extension.
Alternative scenario
Below 1.4075 look for further downside with 1.4045 & 1.4005 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)