USD/CAD technical analysis: Greenback under pressure below the 1.3500 figure (yet again)

USD/CAD daily chart
USD/CAD is trapped in the 1.3400-1.3500 range as it is evolving above its main simple moving averages (SMAs).
USD/CAD 4-hour chart
USD/CAD is rejecting the 1.3500 and 1.3450 resistance.
USD/CAD is trading below its 50 and 100 SMAs suggesting a correction down. 1.3400 can be the next meeting point to the downside followed by 1.3360 support. Resistances are at 1.3450, 1.3470 and 1.3500 figure.
Additional key levels
Author

Flavio Tosti
Independent Analyst




















