USD/CAD Technical Analysis: Seems poised to aim towards reclaiming 1.3400 handle

   •  The pair built on last week's strong up-move and continued scaling higher through the mid-European session on Tuesday to hit multi-week tops in the last hour.

   •  Yesterday's bullish break through a short-term descending trend-line resistance was seen as a key trigger for bullish traders and a follow-through up-move on Tuesday.

   •  Technical indicators on the 1-hourly chart pointed to slightly overbought conditions and seemed to be the only factor capping any subsequent up-move beyond mid-1.3300s.

   •  However, oscillators on the 4-hourly chart maintained their bullish bias and have just started gaining positive traction on the daily chart, supporting dip-buying interest.

   •  Hence, any pull-back towards the resistance break-point might now be seen as a buying opportunity for an eventual up-move towards reclaiming the 1.3400 round figure mark.

USD/CAD 4-hourly chart