USD/CAD Technical Analysis: Forming a holding pattern at the top just south of 1.3600
|- The Dollar-Loonie pairing caught some lift from the bottom in early Thursday action, rising from 1.3566 to clip just shy of 1.3600, and the pair is beginning to run in the middle again as the intraday runs out of steam.
USD/CAD, 5-Minute
- The USD struck a new near-term high against the Loonie this week, and is setting up for a sideways holding pattern near the high side as the Greenback maintains its market position.
USD/CAD, 30-Minute
- The past two months have seen the CAD give up ground to the US Dollar in one-way action, but the overextended chart pattern is likely to see buyers holding back as they wait for a pullback into the 1.3300 zone before reloading long positions on USD/CAD.
USD/CAD, 4-Hour
USD/CAD
Overview:
Today Last Price: 1.3592
Today Daily change: 22 pips
Today Daily change %: 0.162%
Today Daily Open: 1.357
Trends:
Previous Daily SMA20: 1.3436
Previous Daily SMA50: 1.3273
Previous Daily SMA100: 1.3143
Previous Daily SMA200: 1.3054
Levels:
Previous Daily High: 1.4134
Previous Daily Low: 1.3568
Previous Weekly High: 1.3602
Previous Weekly Low: 1.3372
Previous Monthly High: 1.336
Previous Monthly Low: 1.3048
Previous Daily Fibonacci 38.2%: 1.3784
Previous Daily Fibonacci 61.8%: 1.3918
Previous Daily Pivot Point S1: 1.3381
Previous Daily Pivot Point S2: 1.3192
Previous Daily Pivot Point S3: 1.2816
Previous Daily Pivot Point R1: 1.3946
Previous Daily Pivot Point R2: 1.4322
Previous Daily Pivot Point R3: 1.4511
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