Home USD/CAD technical analysis: Greenback trading at 3-day lows challenging the 1.3140 level
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USD/CAD technical analysis: Greenback trading at 3-day lows challenging the 1.3140 level

FX Street
Updated:
  • USD/CAD is trading at daily lows challenging the 1.3140 support.
  • The levels to beat for sellers are at 1.3100 and 1.3060 on the way down.
 

USD/CAD daily chart

 
USD/CAD is trading at 3-day lows below its main daily simple moving averages (DSMAs).  
 
 

USD/CAD 4-hour chart

 
 
USD/CAD is challenging the 1.3140 support and the 200 SMA. A break below the support level can lead to 1.3100 and 1.3060, according to the Technical Confluences Indicator.
 
 

USD/CAD 30-minute chart

 
 
USD/CAD is trading below the main SMAs, suggesting bearish momentum in the near term. Resistances can be seen at 1.3175, 1.3208 and 1.3240, according to the Technical Confluences Indicator.

 

Additional key levels

 

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