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USD/CAD daily chart

 

  • USD/CAD is trading in a bull trend above its 200 simple moving average (SMA).
  • USD/CAD found resistance at 1.3520 resistance and has been retracing towards 1.3440 support.


USD/CAD 4-hour chart

 

  • USD/CAD is trading above its main SMAs suggesting bullish momentum.  
  • If the current correction down break 1.3440 then a drop towards 1.3400 can be on the cards.
  • Resistance is seen at 1.3480 and 1.3520 level.


Additional key levels