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USD/CAD technical analysis: Greenback pressured at 5-month lows against the Canadian Dollar

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Published date:
  • USD/CAD is challenging levels not seen since early February.
  • Bears need a breakout below 1.3110 support.

USD/CAD daily chart
USD/CAD is challenging multi-month support near 1.3064. USD/CAD is trading below the main daily simple moving averages (DSMAs).  

USD/CAD 4-hour chart
USD/CAD is under pressure below the main SMAs. If the market break below 1.3064 support, the next levels to the downside can be seen at 1.3037 and 1.2969.

USD/CAD 30-minute chart
The market is trading below its main SMAs suggesting a negative bias. Resistances can be seen at 1.3100 and 1.3125, according to the Technical Confluences Indicator.

Additional key levels

 

 

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