USD/CAD technical analysis: Greenback starts the week near three-month lows against CAD

 

 

 

USD/CAD, on the daily chart, is trading sideways below the main daily simple moving averages (DSMAs). The market is flirting with the 1.3100 handle this Monday. 

 

 

USD/CAD is under bearish pressure below its main SMAs. The market needs to break below the 1.3084 support in order to potentially trigger further losses towards the 1.3043 level and 1.3000 handle. 

 

USD/CAD is trading below its main SMAs, suggesting bearish momentum in the near term. Resistance is seen at 1.3138, followed by 1.3170 and the 1.3200 handle, according to the Technical Confluences Indicator.