USD/CAD technical analysis: Greenback bears challenging last week low near 1.3150

• USD/CAD is consolidating last week losses.
• Bears need a breakout below last week low at 1.3150 support. 

USD/CAD daily chart

USD/CAD is trading below the 1.3200 figure and the main daily simple moving averages (DSMAs). 

USD/CAD 4-hour chart

USD/CAD remains under pressure below the main SMAs. Sellers want to break below 1.3150 (last week low) to reach 1.3120 and 1.3084 swing lows.

USD/CAD 30-minute chart

The market is testing last week low. Resistances are seen at 1.3200, 1.3232, 1.3310 and 1.3345, according to the Technical Confluences Indicator.

Additional key levels