Technical indicators show the US Dollar on a bullish trend, with the structure of higher highs and higher lows intact. The pair was rejected on Friday at the top of the ascending channel, now at 1.3645, but the ensuing Canadian Dollar rebound remains unable to extend past the main SMAs.
The pair has a support area at 1.3555, where the confluence of the 4-hour 50 and 100 SMAs are likely to hold bears off. Below here, the next targets are at 1.3485 and 1.3420. Resistances are at the mentioned 1.3645 and 1.3680
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