Home USD/CAD Technical Analysis: Greenback bulls knocking at the 1.3420 resistance

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USD/CAD Technical Analysis: Greenback bulls knocking at the 1.3420 resistance

FX Street

Updated: 25 Apr. 2019 | 15:12

USD/CAD daily chart

USD/CAD is trading in a bull trend above its 200 simple moving average (SMA).
USD/CAD is currently trading inside Wednesday’s range unable to move beyond the 1.3500 figure for now.

USD/CAD 4-hour chart

1.3520 become the level to beat for bulls. A break above the resistance can lead to an extension of the bull move to 1.3570 resistance.
Alternatively, a correction down can see 1.3470 and 1.3400 figure put to the test.

Additional key levels

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