USD/CAD Technical Analysis: Greenback drop near 1.3370 against CAD

USD/CAD daily chart

• USD/CAD is trading in a bull trend above its main simple moving averages (SMAs).

USD/CAD 4-hour chart

• USD/CAD is trading below its 50 and 100 SMAs suggesting a consolidation in the medium-term.

USD/CAD 30-minute chart

• USD/CAD is trading below its main SMAs suggesting bearish momentum in the short-term.

• Bears are in control below and the next supports to the downside are seen near 1.3300 and 1.3250. 

• Key resistance is at 1.3440 level.

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