Technical analysis: The USD/CAD is under pressure with support levels at 1.3515 and 1.3475
The strong bearish reversal on the USD/CAD following the release of the ISM Services PMI has put bears back in control. They aim to breach support at 1.3515, which is under pressure at the moment.
The overall picture shows choppy and volatile trading with the pair still moving inside a slightly bullish channel. The mentioned 1.3515 level is guarding the base of the channel at 1.3475 and 1.3440. On the upside, resistances are at 1.3585 and 1.3615
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