USD/CAD technical analysis: Greenback slips below last week low approaching the 1.3100 handle
|- USD/CAD is under pressure approaching the 1.3100 figure.
- Bears need a breakout below last week low at 1.3150 support.
USD/CAD daily chart
USD/CAD is breaking below last week low while below the main daily simple moving averages (DSMAs).
USD/CAD 4-hour chart
USD/CAD is under pressure below the main SMAs. Sellers want to reach 1.3084 swing low.
USD/CAD 30-minute chart
The market is trading below its main SMAs suggesting a negative bias. Resistances are seen at 1.3120 and 1.3150, according to the Technical Confluences Indicator.
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.