USD/CAD Price Analysis: Greenback vulnerable near 26-month lows, sub-1.3000 handle

  • USD/CAD remains under selling pressure close to levels not seen since October 2018.
  • The level to beat for sellers is the 1.2954 support. 

USD/CAD daily chart

USD/CAD is under selling pressure below the main daily simple moving averages (SMAs). The market is trading in a tight consolidation below the 1.3000 handle near levels not seen since October 2018.

USD/CAD four-hour chart

The market is having a sideways consolidation below the 1.3000 handle and the main SMAs. The spot remains fragile to bearish attacks with a potential incursion below the 1.2954 support, which can lead to more losses towards the 1.2873/1.2846 support zone. Conversely, a strong bounce from the current level could become a candidate for a reversal up; however, buyers would need to overcome the 1.3048 and 1.3089 resistances to the upside, according to the Technical Confluences Indicator.   

Additional key levels


Today last price 1.2976
Today Daily Change -0.0013
Today Daily Change % -0.10
Today daily open 1.2989
Daily SMA20 1.312
Daily SMA50 1.3182
Daily SMA100 1.3211
Daily SMA200 1.3255
Previous Daily High 1.3006
Previous Daily Low 1.2961
Previous Weekly High 1.3085
Previous Weekly Low 1.2943
Previous Monthly High 1.3322
Previous Monthly Low 1.2951
Daily Fibonacci 38.2% 1.2989
Daily Fibonacci 61.8% 1.2978
Daily Pivot Point S1 1.2964
Daily Pivot Point S2 1.294
Daily Pivot Point S3 1.2919
Daily Pivot Point R1 1.301
Daily Pivot Point R2 1.3031
Daily Pivot Point R3 1.3056



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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD falls below 1.1850 as US consumer sentiment beats

EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.


GBP/USD falls as the EU reportedly objects Johnson's bill

GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord. 


XAU/USD struggles to move back above 100-hour SMA

Gold regained some positive traction on the last trading day of the week and recovered a part of the previous day's losses to over one-week lows. The commodity held on to its intraday gains and traded above the $1950 level through the mid-European session.

Gold News

Ethereum hits Bitcoin's bid to lead the market

Bitcoin risks dominance after the strong rise of Ethereum. Technical indicators show some significant discrepancies keeping the stress on the board. Sentiment levels are improving and bordering on optimism.

Read more

WTI: Clings to 50-DMA above $41, focus on Friday’s close

WTI (futures on Nymex) consolidates the three-winning streak above $41 mark on Friday, as the bulls await a fresh catalyst for the next push higher.

Oil News