USD/CAD Technical Outlook
The daily chart for the USD/CAD pair shows a strong static resistance area between 1.3610 and 1.3620, as the area rejected advances multiple times since late February. The overall stance is neutral, as in the mentioned time frame, technical indicators head nowhere around or above their midlines. At the same time, the price currently develops above a bullish 20 DMA, which advances beyond the longer ones, all below the current level. A break through the mentioned resistance should favor an extension towards 1.3700, while the near-term risk will skew to the downside once below 1.3550, with the scope then to test the 1.3500 mark
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