USD/CAD Technical Analysis: Greenback dropping and nearing 1.3400 handle against CAD

USD/CAD daily chart

• USD/CAD is trading in a bull trend above its 200 simple moving average (SMA).

USD/CAD 4-hour chart

• USD/CAD is trading below 1.3440 and the 50 SMA suggesting a correction down in the medium-term.
• A break below 1.3400 figure can lead to 1.3350 level.
• Resistance is at 1.3440 and 1.3520 level.

Additional key levels