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USD / CAD TECHNICAL OUTLOOK

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Dolar A.S. / Dolar Kanada (FX:USDCAD)  
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FX:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index USDCAD candiandollar forextrader trader investor Bearish Patterns FOMC Technical Analysis
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trendanalysis harmonicpatterns chartpattern usdollar usdcad candiandollar forextrader trader investor bearish fomc technicalanalysis
1) USD /CAD moves downside to 1.3700 on weaken US Dollar.

2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ).

3) Major support level seen at 1.3655.

Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart. Additionally, the Relative Strength Index (RSI) is located in the bearish territory below 50, which means the path of the least resistance of USD/CAD is to the downside.
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