Technical analysis: The USD is under increasing bearish pressure, heading to 1.3520
The USD/CAD is under increasing bearish traction after having been rejected at 1.3610 on its way to 1.3520 support area. The RSI has dipped below the 50 level, which suggests that sellers are in control.
The broader picture is still mildly positive, with the pair trading within a slightly bullish channel. A break of 1.3460 would negate this view. On the upside, resistance levels are 1.3615 and 1.3630
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