USD/CAD technical analysis: Greenback stable above 1.3230 against Canadian Dollar

 

 

USD/CAD is bouncing from the 1.3200 figure while trading below the 100/200 day simple moving averages (DSMAs).

  

 

USD/CAD is trading above its main SMAs, suggesting bullish momentum in the medium. Buyers will likely try to recapture the 1.3370 and 1.3300 resistances, according to the Technical Confluences Indicator.

 

 

 

 

 

USD/CAD is evolving between its 100 and 200 SMAs, suggesting sideways momentum in the near term. Immediate support can be seen at 1.3230 and 1.3200 on the way down, according to the Technical Confluences Indicator.