Home USD/CAD Technical Analysis: Greenback dropping and nearing 1.3400 handle against CAD
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USD/CAD Technical Analysis: Greenback dropping and nearing 1.3400 handle against CAD

USD/CAD daily chart

  • USD/CAD is trading in a bull trend above its 200 simple moving average (SMA).


USD/CAD 4-hour chart

  • USD/CAD is trading below 1.3440 and the 50 SMA suggesting a correction down in the medium-term.
  • A break below 1.3400 figure can lead to 1.3350 level.
  • Resistance is at 1.3440 and 1.3520 level.

Additional key levels

 

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