USD/CAD sticking to highs above 1.3600 heading into 2019

Oil markets have hampered the CAD.
New Year's trading promises a rush of fresh liquidity in the latter half of the week.

Joshua Gibson FXStreet

USD/CAD is trading steadily near 1.3630 as traders buckle down for rollover into 2019 and Tuesday's market holiday, with broader market volumes grinding to a halt as investors set up for the second off-day this holiday season.

Crude oil continues to see play towards the downside, leaving the Canadian Loonie exposed to further downside, with the commodity-linked CAD giving up steady ground to the Greenback with the USD/CAD pairing climbing for three straight months.

The pair remains latched onto near-term highs, threatening to plug into the major 1.3700 handle and 2017's peak heading into the new year.

USD/CAD Technical Levels

USD/CAD

Overview:
    Today Last Price: 1.363
    Today Daily change: -30 pips
    Today Daily change %: -0.220%
    Today Daily Open: 1.366
Trends:
    Previous Daily SMA20: 1.3472
    Previous Daily SMA50: 1.3295
    Previous Daily SMA100: 1.3155
    Previous Daily SMA200: 1.306
Levels:
    Previous Daily High: 1.3662
    Previous Daily Low: 1.3594
    Previous Weekly High: 1.4134
    Previous Weekly Low: 1.3564
    Previous Monthly High: 1.336
    Previous Monthly Low: 1.3048
    Previous Daily Fibonacci 38.2%: 1.3636
    Previous Daily Fibonacci 61.8%: 1.362
    Previous Daily Pivot Point S1: 1.3616
    Previous Daily Pivot Point S2: 1.3572
    Previous Daily Pivot Point S3: 1.3549
    Previous Daily Pivot Point R1: 1.3683
    Previous Daily Pivot Point R2: 1.3706
    Previous Daily Pivot Point R3: 1.375

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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