USD/CAD: technical analysis 20.03.2019 Current trend On the 4-hour chart, USD/CAD is trading above the level of middle line of Bollinger Bands. At the moment the price has met the resistance at the level of 1.3336 (Murray [5/8]) that impedes growth to 1.3366 (Murray [6/8]). There is a chance of a downward rebound from the level of 1.3366, while its breakout would allow the growth to continue to the area of 1.3397 (Murray [7/8]). Pullback below 1.3305 (Murray [4/8]) could lead to the 1.3275 (Murray [3/8]) and 1.3244 (Murray [2/8]) level. Technical indicators mostly keep a buy signal. Bollinger Bands are leaned sideways. MACD volumes are decreasing in the negative zone. Stochastic is pointed upwards. Support and resistance Support levels: 1.3305, 1.3275, 1.3244, 1.3214. Resistance levels: 1.3336, 1.3366, 1.3397, 1.3427. Trading recommendations Short positions can be opened below the level of 1.3305 with the target at around 1.3275-1.3244 and stop-loss 1.3320. Long positions can be opened above the level of 1.3336 with the target at around 1.3366-1.3397 and stop-loss 1.3320.