USD/CAD Technical Analysis: Greenback slumps to 1.3340 against CAD


USD/CAD daily chart

  • USD/CAD is trading in a bull trend above its main simple moving averages (SMAs).

USD/CAD 4-hour chart

  • USD/CAD is trading between the 100 and 200 SMAs suggesting a consolidation in the medium-term.

USD/CAD 30-minute chart

  • USD/CAD is trading below its main SMAs suggesting bearish momentum in the short-term.
  • Bears are in control and they will need a break below 1.3340 in order to move down towards 1.3310 and 1.3280 level.
  • Key resistance is at 1.3360 and 1.3400 figure.

Additional key levels


Get the 5 most predictable currency pairs

About Author

Comments are closed.