USD/CAD technical analysis: Greenback testing May lows near 1.3360

FX Street

Published date: 5 Jun. 2019 | 16:37

USD/CAD is trading near the May lows.
USD/CAD is trying to find some support at 1.3360.

USD/CAD daily chart

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

USD/CAD 4-hour chart

USD/CAD is testing 1.3360 the lower part of the range seen in May. The momentum is bearish as the market trades below its main SMAs. A break below the level can lead to further losses towards 1.3330 and 1.3310. A bounce at 1.3360 can see 1.3400, 1.3430 and 1.3480 revisited.

Additional key levels

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