USD/CAD Technical Analysis: 1.3250 resistance is a brick wall - Good luck for bulls !

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is finding resistance at the 1.3250 resistance for the fourth day in a row.
The Stochastic indicator has been trading in and out of the overbought zone for about a month.

USD/CAD 4-hour chart

The rising wedge is preventing the bulls to advance above 1.3250.
Technical indicators are bearish, only the RSI is still above its 50 line.
The 1.3170 level is the target for bears.

USD/CAD 30-minute chart

USD/CAD is trading below its main SMAs.
Technical indicators are all in bearish territories.
More down likely.

Additional key levels at a glance:

USD/CAD

Overview:
    Last Price: 1.322
    Daily change: -18 pips
    Daily change: -0.136%
    Daily Open: 1.3238
Trends:
    Daily SMA20: 1.3132
    Daily SMA50: 1.3045
    Daily SMA100: 1.307
    Daily SMA200: 1.296
Levels:
    Daily High: 1.3264
    Daily Low: 1.3208
    Weekly High: 1.3233
    Weekly Low: 1.3056
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3229
    Daily Fibonacci 61.8%: 1.3243
    Daily Pivot Point S1: 1.3209
    Daily Pivot Point S2: 1.318
    Daily Pivot Point S3: 1.3152
    Daily Pivot Point R1: 1.3266
    Daily Pivot Point R2: 1.3294
    Daily Pivot Point R3: 1.3323

Author

Flavio Tosti

Independent Analyst

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