USD/CAD Technical Analysis: Bullish move once again falters near 1.3400 handle

   •  The pair continued showing some resilience below the 1.3300 handle and staged a solid bounce on Monday following the release of BoC's Business Outlook Survey results.

   •  The positive momentum extended through the mid-European trading session on Tuesday, albeit bulls struggled to build on the strength further beyond the 1.3400 handle.

   •  Given the overnight upsurge beyond 100/200-hour SMA confluence region, bullish oscillators on hourly/daily charts indicate an eventual break through the mentioned handle.

   •  A sustained breakthrough should now assist the pair to aim towards the 1.3445-50 supply zone, en-route March swing highs (the 1.3465-70 region) and the key 1.3500 psychological mark.

USD/CAD 1-hourly chart