USD/CAD Technical Analysis: Greenback bulls keep the market near 1.3200 against the Canadian Dollar
|- USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA).
- USD/CAD are working at keeping the market near the 1.3200 level. The momentum is bullish and the next objective is to retake 1.3214 (November 9 high) to go to 1.3300 figure.
- Alternatively, failures below 1.3214 can lead to a pullback down to 1.3161 (October 26 high).
Main trend: Bullish
Resistance 1: 1.3214 November 9 high
Resistance 2: 1.3300 figure
Resistance 3: 1.3400 figure
Support 1: 1.3200 figure
Support 2: 1.3161 October 26 high
Support 3: 1.3108, September 7 low
Support 4: 1.3083 September 27 swing high
Support 5: 1.3053 October 15 high
Support 6: 1.3000 figure
Support 7: 1.2950-59 multi-month key level and August 7 low
Additional key levels at a glance:
USD/CAD
Overview:
Last Price: 1.3199
Daily change: -5.0 pips
Daily change: -0.0379%
Daily Open: 1.3204
Trends:
Daily SMA20: 1.3093
Daily SMA50: 1.3037
Daily SMA100: 1.3071
Daily SMA200: 1.2946
Levels:
Daily High: 1.3233
Daily Low: 1.3138
Weekly High: 1.3233
Weekly Low: 1.3056
Monthly High: 1.3172
Monthly Low: 1.2783
Daily Fibonacci 38.2%: 1.3197
Daily Fibonacci 61.8%: 1.3174
Daily Pivot Point S1: 1.315
Daily Pivot Point S2: 1.3096
Daily Pivot Point S3: 1.3054
Daily Pivot Point R1: 1.3245
Daily Pivot Point R2: 1.3287
Daily Pivot Point R3: 1.3341
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.