USD/CAD technical analysis: Greenback under pressure near 1.3150 against CAD

  • USD/CAD is consolidating the losses which happened last week.
  • 1.3232 is the immediate resistance on the way up.

USD/CAD daily chart

USD/CAD is trading below the 1.3200 figure and the main daily simple moving average (DSMA). 

USD/CAD 4-hour chart

USD/CAD is under pressure below its main SMAs. Bears need to break below 1.3150 (last week low) to get to 1.3120 and 1.3084 swing lows.

USD/CAD 30-minute chart

The is testing lat week low. Bulls need to break 1.3232 to get to 1.3310 and 1.3345, according to the Technical Confluences Indicator.

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