USD/CAD technical analysis: Corrective slide finds some support ahead of 23.6% Fibo. level

• The USD/CAD pair extended its pullback from multi-week tops and refreshed daily lows in the last hour - around the 1.3270 region - erasing the previous session's modest gains.
• However, the intraday slide now seems to have found some support just ahead of 23.6% Fibo. level of the 1.3016-1.3346 recent recovery move from yearly lows set on July 19.

Sustained weakness below the mentioned support might prompt some additional weakness and accelerate the corrective slide further towards the 1.3220-15 confluence support – comprising of 200-hour SMA and 38.2% Fibo. level.
 
However, oscillators maintained their positive bias on 4-hourly/daily charts and support prospects for some dip-buying interest to emerge at lower levels, warranting some caution before placing any aggressive bets for any further slide below the 1.3200 handle.
 
On the upside, the 1.3300-10 area – marking 100 & 200-day SMAs confluence region - now seems to act as an immediate resistance, above which the pair seems all set to resume its recent bullish trajectory and aim towards reclaiming the 1.3400 handle.

USD/CAD 1-hourly chart