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  • USD/CAD spikes up and challenges the 1.4150 resistance. 
  • USD/CAD remains confined in the April range. 
 

USD/CAD four-hour chart

 
USD/CAD is trading above the main SMAs on the four-hour chart while challenging the 1.4150 resistance. The market spiked up but remains within familiar ranges in the April range. Therefore, at this stage, it cannot be ruled out that bullish attempts above the 1.4150/1.4200 resistance zone and the 1.4300 level will not be faded. On the flip side, support awaits near 1.4000/1.3980 price zone followed by the 1.3866 level.   
 
 
Resistance: 1.4150, 1.4200, 1.4300
Support: 1.4000, 1.3980, 1.3866 
 
 

Additional key levels