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USD/CAD Technical Analysis: Greenback spikes up and approaches three-day highs against CAD

  • USD/CAD is spiking to new weekly highs above the 1.3200 handle.
  • The level to beat for bulls is the 1.3260 resistance. 
 
 

USD/CAD daily chart

 
 
The loonie on the daily chart is trading above the 1.3200 handle between the 50 and 200-day simple moving average (DMA).
 
 

USD/CAD four-hour chart

 
 
USD/CAD is challenging the 1.3260 resistance while above the main SMAs. A daily break above the level can lead to further strength towards the 1.3296 and 1.3330 levels, according to the Technical Confluences Indicator. 
 

 

USD/CAD 30-minute chart

 
 
USD/CAD is trading above its main SMAs, suggesting a bullish momentum in the near term. Support is seen at the 1.3241, 1.3213 and 1.3180/65 price zone, according to the Technical Confluences Indicator. 
 

Additional key levels

USD/CAD

Overview
Today last price 1.3257
Today Daily Change 0.0050
Today Daily Change % 0.38
Today daily open 1.3207
 
Trends
Daily SMA20 1.316
Daily SMA50 1.321
Daily SMA100 1.3202
Daily SMA200 1.3276
 
Levels
Previous Daily High 1.3236
Previous Daily Low 1.32
Previous Weekly High 1.3272
Previous Weekly Low 1.3212
Previous Monthly High 1.3349
Previous Monthly Low 1.3042
Daily Fibonacci 38.2% 1.3214
Daily Fibonacci 61.8% 1.3222
Daily Pivot Point S1 1.3192
Daily Pivot Point S2 1.3177
Daily Pivot Point S3 1.3155
Daily Pivot Point R1 1.3229
Daily Pivot Point R2 1.3251
Daily Pivot Point R3 1.3266

 

 

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