USD/CAD Technical Analysis: Set-up points to extension of intraday rejection slide from 100-hour SMA

   •  The pair struggled to build on Friday's post-NFP rebound from over one-week lows and faced rejection near 100-period SMA on the 1-hourly chart.

   •  A follow-through weakness below 200-hour SMA was seen as a key trigger for bearish traders and thus, increases prospects for an extension of the downside.

   •  Technical indicators on the mentioned chart have already drifted into bearish territory and further add credence to intraday negative/bearish outlook.

   •  A sustained break through the 1.3070-65 horizontal area now seems to turn the pair vulnerable to head back towards challenging the key 1.30 psychological mark. 
 

USD/CAD 1-hourly chart