USD/CAD Technical Analysis: Bullish above 1.3345
|USD/CAD defended the 50-day moving average (MA) support on Tuesday with a long-tailed candle, which is widely considered an early warning of a potential bullish reversal.
The trend change, however, would be confirmed only if the spot sees a convincing break above 1.3345 (high of the long-tailed doji) today.
A close above 1.3345 would open the doors to re-test of recent highs above 1.3460.
A close below 1.3250 (low of the long-tailed candle) could invite stronger bearish pressures.
Daily chart
Trend: Needs bull close above 1.3345
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