USD/CAD ended Friday’s session higher, albeit hovering around 1.3 00. USD / CAD Price Analysis: Open to selling pressure below 1.3 00. USD/CAD extended its weekly losses and fell for the fourth straight week with a loss of 0.36%, but for the day USD/CAD rose 0.22%. As consumer sentiment from the University of Michigan (UoM) showed an improvement in sentiment, it weighed on the US dollar (USD). Accordingly, USD/CAD is trading at 1.3393, which is 0.37% below its opening price. USD/CAD PRICE ANALYSIS: TECHNICAL OVERVIEW When USD/CAD broke below the 100-day exponential moving average (EMA) at 1.3 25, the seller’s excuse was to pull the rate below 1.3 00. The Relative Strength Index (RSI) is still in bearish territory, suggesting that sellers are in charge. The Rate of Change (RoC) shows that sellers are gaining momentum as they outperformed buyers on Friday, although it was not enough to keep the pair in the green. The first support level at USD/CAD would be the November 2 intraday of 1.3316. A breach of the latter reveals the 200-day exponential moving average (EMA) at 1.3239, followed by the 1.3200 indicator. On the other hand, the first resistance of USD / CAD would be 1.3 00. After a breakout, the next line of defense for the bears would be the 100-day EMA at 1.3 25, before the confluence of the 20-day EMA and the 1.3500 mark.

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