USD/CAD Price Analysis: Greenback spikes up to 1.4150 vs. Canadian dollar

 

 

USD/CAD is trading above the main SMAs on the four-hour chart while challenging the 1.4150 resistance. The market spiked up but remains within familiar ranges in the April range. Therefore, at this stage, it cannot be ruled out that bullish attempts above the 1.4150/1.4200 resistance zone and the 1.4300 level will not be faded. On the flip side, support awaits near 1.4000/1.3980 price zone followed by the 1.3866 level.