• USD/CAD is keeping to a shallow bear bias: resistance line at 1.3876

• Negative 14-day momentum is fading and RSI is flat lining near o/s values

• Recent range extremes are at 1.3781 and 1.3903

• Weekly ranges have tightened: potential bearish continuation pattern forming

• Price straddling the lower 20-day Bollinger band: the bands are widening

• Fourteen week momentum has been negative since late March: beginning to fade

• Potential squeeze point at 1.3964, the 50-week moving average

• Support at 1.3737, 100-week average, and 1.3690, weekly Ichimoku cloud top
USD/CAD Daily Candle Chart:


USD/ZAR weekly candle chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own)