USD/CAD Technical Analysis: Greenback drifting down below 1.3500 figure
|USD/CAD daily chart
- USD/CAD is trading in a bull trend above its 200 simple moving average (SMA).
- USD/CAD found resistance at 1.3520 resistance and has been retracing towards 1.3440 support.
USD/CAD 4-hour chart
- USD/CAD is trading above its main SMAs suggesting bullish momentum.
- If the current correction down break 1.3440 then a drop towards 1.3400 can be on the cards.
- Resistance is seen at 1.3480 and 1.3520 level.
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