USD/CAD Technical Analysis: Greenback hit a new 2018 high at 1.3388

• The Greenback was boosted against CAD despite hawkish comments from Bank of Canada’s Governor Poloz.  
• USD/CAD tried to break above the 2018 high but bulls have not sustained the move so far.  
• USD/CAD stays in range with a bullish bias.  

USD/CAD 15-minute chart

Spot rate:                   1.3357

Relative change:         0.37%
 
High:                          1.3388
Low:                           1.3275

Trend:                         Bullish above 1.3250

Resistance 1:            1.3388, 2018 high
Resistance 2:            1.3543 June 9, 2017 swing high
Resistance 3:            1.3600 figure

Support 1:                 1.3350 figure
Support 2:                 1.3267-1.3250 current week’s low and figure
Support 3:                 1.3200 figure
Support 4:                 1.3155 former supply/demand level