USD/CAD Technical Analysis: Greenback bulls at monthly highs attacking 1.3100 figure
|- USD/CAD is in a bull trend above the 200-period simple moving average.
- USD/CAD bulls are challenging 1.3108 (September 7 low). A break above the level would open the door to 1.3150 figure.
- The momentum is bullish but bulls would need a close above 1.3108 on a daily closing basis to confirm any further advances. Failure to do so can lead to a pullback down towards 1.3000 figure.
Spot rate: 1.3103
Relative change: 0%
High: 1.3118
Low: 1.3079
Main trend: Bullish
Resistance 1: 1.3108, September 7 low
Resistance 2: 1.3150 figure
Resistance 3: 1.3200 figure
Support 1: 1.3083 September 27 swing high
Support 2: 1.3048 August 14 low
Support 3: 1.3000 figure
Support 4: 1.2950-59 multi-month key level and August 7 low
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