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USD/CAD technical analysis: Bouncing from daily lows as crude oil takes a dive

  • USD/CAD is bouncing as crude oil is down. 
  • The levels to beat for sellers are at 1.3200 and 1.3170 on the way down.
 

USD/CAD daily chart

 
USD/CAD is reversing its daily gains as the market finds resistance near 1.3250 and the 50-day simple moving averages (DSMA). 
 
 

USD/CAD 4-hour chart

 
 
USD/CAD is trading above its main SMAs, suggesting bullish momentum in the near term. However, bulls would need a daily close above 1.3200 if they intend to reach 1.3230 resistance, according to the Technical Confluences Indicator.
 

 

USD/CAD 30-minute chart

 
The pullback down can extend towards 1.3170, 1.3140 and 1.3100 , according to the Technical Confluences Indicator.
 

Additional key levels

USD/CAD

Overview
Today last price 1.3205
Today Daily Change 0.0014
Today Daily Change % 0.11
Today daily open 1.3191
 
Trends
Daily SMA20 1.3103
Daily SMA50 1.3228
Daily SMA100 1.3313
Daily SMA200 1.3305
Levels
Previous Daily High 1.3215
Previous Daily Low 1.3106
Previous Weekly High 1.32
Previous Weekly Low 1.3041
Previous Monthly High 1.3215
Previous Monthly Low 1.3016
Daily Fibonacci 38.2% 1.3173
Daily Fibonacci 61.8% 1.3147
Daily Pivot Point S1 1.3126
Daily Pivot Point S2 1.3061
Daily Pivot Point S3 1.3017
Daily Pivot Point R1 1.3236
Daily Pivot Point R2 1.328
Daily Pivot Point R3 1.3345

 

 

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