Technical analytics

USD/CAD

USDCAD

Buyers reached the 1.3200 level on Monday. They failed to retake the hurdle at once and spent the night struggling with it. The pro-dollar sentiment prevailed on Tuesday as well. The US currency extended its vertical rise and hit a high of 1.3300. The technical picture is increasing bullish. MACD is growing. The moving averages continued their bullish slope. RSI is in an overbought area. The resistance stands at 1.3300, the support is at 1.3200.

 

If the buying pressure remains intact, the currency pair will reclaim the 1.3300 level and will move to 1.3400 afterwards.