Technical analytics

USD/CAD

USDCAD

Buyers failed to reclaim the 1.2900 hurdle. They tried to attack the level several times, however, sellers defended this level pretty well and did not allow buyers even to test this barrier. The USD/CAD pair turned bearish right after unsuccessful attack at the level. The spot declined to 1.2800 where the EMA50 together with the EMA200 stopped its sell-off. The resistance stands at 1.2900, the support is at 1.2800.

If sellers remain in the driver’s seat, a close below 1.2800 will trigger further losses towards 1.2700.