USD/CAD Technical Analysis: Greenback declining towards 1.3300 ahead of the Fed
|USD/CAD daily chart
- USD/CAD is trading in a bull trend above the 200-day simple moving averages (SMA).
- The FOMC at 18.00 GMT can lead to high volatility.
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.
- USD/CAD is declining towards 1.3300 figure. The next support is seen at 1.3252 level.
- Resistances are at 1.3370 and 1.3440 level.
Additional key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.