USDCAD technical outlook: Sellers strengthen as key moving averages ignite bearish momentum
USD/CAD sellers gain momentum as price fails to clear the converging 100- and 200-hour moving averages near 1.3690. The pair has slid below key support at 1.3660, testing lower zones around 1.3600 amid stronger CAD fundamentals and oil-driven sentiment. Watch 1.3573–1.3579 for critical support; a break could signal further downside. Technical and macro factors point to bearish bias near term.
