USD/CAD Price Analysis: Greenback trading at its highest since early December vs. CAD

USD/CAD is trading in a tight bullish channel.
Bulls are eying the 1.3280, 1.3330 and 1.3367 levels.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is spiking to its highest since early December 2019 while trading back above the main daily simple moving averages (SMAs).

USD/CAD four-hour chart

USD/CAD is marching north in a tight bull channel above the main SMAs. As there are no signs that bulls should step out, the market is set to continue to appreciate on a break above the 1.3280 resistance towards the 1.3330 and 1.3367 levels, according to the Technical Confluences Indicator. Support can be seen near the 1.3243, 1.3216 and 1.3175 levels.

Resistance: 1.3280, 1.3330, 1.3367

Support: 1.3243, 1.3216, 1.3175

Additional key levels

USD/CAD

Overview
Today last price	1.3278
Today Daily Change	0.0042
Today Daily Change %	0.32
Today daily open	1.3236

Trends
Daily SMA20	1.3097
Daily SMA50	1.314
Daily SMA100	1.3178
Daily SMA200	1.3228

Levels
Previous Daily High	1.3255
Previous Daily Low	1.319
Previous Weekly High	1.3255
Previous Weekly Low	1.3148
Previous Monthly High	1.3255
Previous Monthly Low	1.29
Daily Fibonacci 38.2%	1.323
Daily Fibonacci 61.8%	1.3215
Daily Pivot Point S1	1.3199
Daily Pivot Point S2	1.3162
Daily Pivot Point S3	1.3134
Daily Pivot Point R1	1.3264
Daily Pivot Point R2	1.3292
Daily Pivot Point R3	1.3329

Author

Flavio Tosti

Independent Analyst

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