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


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

 

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