USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook trades south to 1.3600 on Oil opening higher, the USD/CAD broad bias is bullish. Prices are correcting lower and have scope for further declines on Oil prices opening higher this week, supporting CAD. There is more room for the downside to 1.3600, an overlap of the daily ATR range and 61.8% Fibo retracement level.

Resistances: 1.3715, 1.3800

Supports: 1.3600, 1.3490

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