USD/CAD Technical Analysis: Bears can drive the market down to 1.3100 figure next week
|USD/CAD daily chart
- USD/CAD found strong resistance at the 1.3250 level.
- Technical indicators are starting to lose momentum but are still in positive territories.
USD/CAD 4-hour chart
- Bears had a strong bear breakout to 1.3150 and the 100-period simple moving average (SMA).
- USD/CAD remains bearish below 1.3200 figure with a target at 1.3100 figure.
USD/CAD 30-minute chart
- USD/CAD is trading below its main SMAs suggesting continued bearish momentum in the near future.
Additional key levels at a glance:
USD/CAD
Overview:
Last Price: 1.3164
Daily change: -20 pips
Daily change: -0.152%
Daily Open: 1.3184
Trends:
Daily SMA20: 1.3137
Daily SMA50: 1.3045
Daily SMA100: 1.3068
Daily SMA200: 1.2963
Levels:
Daily High: 1.3253
Daily Low: 1.3156
Weekly High: 1.3233
Weekly Low: 1.3056
Monthly High: 1.3172
Monthly Low: 1.2783
Daily Fibonacci 38.2%: 1.3193
Daily Fibonacci 61.8%: 1.3216
Daily Pivot Point S1: 1.3143
Daily Pivot Point S2: 1.3101
Daily Pivot Point S3: 1.3046
Daily Pivot Point R1: 1.3239
Daily Pivot Point R2: 1.3294
Daily Pivot Point R3: 1.3336
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.