USD/CAD technical analysis: On the way down towards 1.3400

FX Street

Published date: 3 Jun. 2019 | 19:42

Both USD weakness and the consolidation on oil prices are helping USD/CAD to depreciate.
The next main pit-stop to the downside is seen at 1.3400.

USD/CAD daily chart

The market is trading in a bull trend above its main simple moving averages (SMAs).

USD/CAD 4-hour chart

USD/CAD is weakening as bears are trying to push the market towards 1.3430 and 1.3400 figure. Resistances are seen at 1.3480, 1.3500/20 and 1.3570.

Additional key levels

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