Canadian Dollar Technical Analysis Overview: USDCAD, CADJPY, GBPCAD

From dailyfx.com

Gains in the USD index put the short-term range under threat with USDCAD breaking above the 1.34 handle, which saw a test of March 7-8th peak (1.3466), while the pair had also pushed through trendline resistance. Momentum behind the recent uptrend however, has been relatively weak, thus raising the possibility of a pullback. On the downside support is situated at the 1.3325-1.3340 area whereby the 50 and 100DMA resides. If indeed there is a topside break, resistance is seen at 1.3490-1.3500. USDCAD option implied volatility for today’s BoC rate decision jumped to the highest since the January decision with a ... (full story)