USD/CAD technical analysis: Dips and rebounds near 1.3400 figure

FX Street

Updated: 21 May. 2019 | 15:52

USD/CAD daily chart

USD/CAD is trapped in the 1.3400-1.3500 range while it is trading above its main simple moving averages (SMAs).

USD/CAD 4-hour chart

USD/CAD is currently finding some footing near the 1.3400 figure and the 200 SMA.

USD/CAD 30-minute chart

Sellers want a break below the 1.3400 figure while bulls are attempting to bring back the quote to 1.3450, 1.3470 and 1.3500 levels.

Additional key levels

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.