USDCAD chart Technical Outlook to continue higher on hawkish Fed, bulls target 1.3560 short-term bias is bullish, as the Fed officials’ comments are hawkish, and today the Fed’s Logan has a speech, and she was hawkish at the last one.
The pair trades outside a corrective pattern, and technical indicators support more strength as the 4H RSI is above 5, the 4H MACD is positive, and the pair trades above its weekly and monthly VWAP.
Resistances: 1.3560, 1.3650
Supports: 1.3465, 1.3400
