Home USD/CAD Price Analysis: Greenback remains pressured below 1.3200 as Fed leaves rate unchanged
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USD/CAD Price Analysis: Greenback remains pressured below 1.3200 as Fed leaves rate unchanged

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Published date:
  • USD/CAD remains under selling pressure as the Fed leaves rate unchanged as expected.
  • Support can be located at the 1.3160 price level.  

 

USD/CAD daily chart

 
USD/CAD is trading in a range below its main daily simple moving averages (DMAs) as the Fed leaves rates unchanged as widely expected. The press conference at 19:30 GMT can potentially provide volatility.
 

USD/CAD four-hour chart

 
USD/CAD is under bearish pressure below its main SMAs on the four-hour time frame. As the market broke below the 1.3200 handle, the market could continue to decline towards the 1.3160 support level, according to the Technical Confluences Indicator.  
   

USD/CAD 30-minute chart

 
USD/CAD is pressuring weekly lows below the main SMAs. Resistances are seen at the 1.3200, 1.3246 and 1.3282 resistance levels.  
   

Additional key levels

 

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