USD/CAD Price Analysis: Greenback remains pressured below 1.3200 as Fed leaves rate unchanged

USD/CAD remains under selling pressure as the Fed leaves rate unchanged as expected.
Support can be located at the 1.3160 price level.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a range below its main daily simple moving averages (DMAs) as the Fed leaves rates unchanged as widely expected. The press conference at 19:30 GMT can potentially provide volatility.

USD/CAD four-hour chart

USD/CAD is under bearish pressure below its main SMAs on the four-hour time frame. As the market broke below the 1.3200 handle, the market could continue to decline towards the 1.3160 support level, according to the Technical Confluences Indicator.

USD/CAD 30-minute chart

USD/CAD is pressuring weekly lows below the main SMAs. Resistances are seen at the 1.3200, 1.3246 and 1.3282 resistance levels.

Additional key levels

USD/CAD

Overview
Today last price	1.3189
Today Daily Change	-0.0044
Today Daily Change %	-0.33
Today daily open	1.3233

Trends
Daily SMA20	1.326
Daily SMA50	1.3217
Daily SMA100	1.3232
Daily SMA200	1.3279

Levels
Previous Daily High	1.325
Previous Daily Low	1.3224
Previous Weekly High	1.3322
Previous Weekly Low	1.3158
Previous Monthly High	1.3328
Previous Monthly Low	1.3114
Daily Fibonacci 38.2%	1.324
Daily Fibonacci 61.8%	1.3234
Daily Pivot Point S1	1.3221
Daily Pivot Point S2	1.3209
Daily Pivot Point S3	1.3194
Daily Pivot Point R1	1.3248
Daily Pivot Point R2	1.3263
Daily Pivot Point R3	1.3275

Author

Flavio Tosti

Independent Analyst

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