USD/CAD Technical Analysis: Business as usual below 1.3400 handle

FX Street

Updated: 22 Apr. 2019 | 15:22

USD/CAD daily chart

USD/CAD is trading in a bull trend above its 200 simple moving average (SMA).
USD/CAD is in a very tight range below 1.3400 figure.

USD/CAD 4-hour chart

USD/CAD is drifting just above the 200 SMA.

USD/CAD 30-minute chart

As USD/CAD is trading below the 50 and 100 SMA, in the short-term USD/CAD is seen declining towards 1.3330, 1.3310 and 1.3280 level.
Buyers would need a convincing break above 1.3400 to relaunch the bull trend to 1.3470 resistance.

Additional key levels

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