USD/CAD technical analysis: Market falls back below 1.3500 figure (again)
|USD/CAD daily chart
USD/CAD remains trapped in the 1.3400-1.3500 range while trading above its main simple moving averages (SMAs).
USD/CAD 4-hour chart
USD/CAD rejected the 1.3500 figure and is now trading below the 1.3470 resistance
Sellers made quite a statement as the momentum switched back to bearish. Support to the downside is seen at 1.3440 and 1.3400 figure. Resistance is at 1.3470 and 1.3500 figure.
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