Home USD/CAD Technical Analysis: Greenback jumps near 1.3500 against CAD on dovish BoC

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USD/CAD Technical Analysis: Greenback jumps near 1.3500 against CAD on dovish BoC

FX Street

Updated: 24 Apr. 2019 | 16:22

USD/CAD daily chart

USD/CAD is trading in a bull trend above its 200 simple moving average (SMA) as the market is challenging the 1.3500 level.
The Bank of Canada left its target for the overnight rate at 1.75%.

USD/CAD 4-hour chart

USD/CAD bulls want a daily close above 1.3500 figure. The next resistances to the upside are seen at 1.3570 and 1.3650 level.
Support is at 1.3460/40 and 1.3370 level.

Additional key levels

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