|

USD/CAD Technical Analysis: 1.3400 target hit post-US Retail Sales

USD/CAD daily chart

USD/CAD 4-hour chart

  • USD/CAD is finding resistance at the 1.3400 figure.

USD/CAD 30-minute chart

  • In the short-term USD/CAD is capped by 1.3400 figure.
  • The 1.3360 and 1.3330 level should come into play for bears in the coming sessions.

Additional key levels

USD/CAD

Overview
Today last price1.339
Today Daily Change0.0048
Today Daily Change %0.36
Today daily open1.3342
 
Trends
Daily SMA201.3362
Daily SMA501.3315
Daily SMA1001.3341
Daily SMA2001.3209
Levels
Previous Daily High1.3374
Previous Daily Low1.3274
Previous Weekly High1.3398
Previous Weekly Low1.3284
Previous Monthly High1.3469
Previous Monthly Low1.313
Daily Fibonacci 38.2%1.3312
Daily Fibonacci 61.8%1.3336
Daily Pivot Point S11.3286
Daily Pivot Point S21.3231
Daily Pivot Point S31.3187
Daily Pivot Point R11.3385
Daily Pivot Point R21.3429
Daily Pivot Point R31.3484

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD holds lower ground near 1.1850 ahead of EU/ US data

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1850 in European trading on Friday. A broadly cautious market environment paired with modest US Dollar demand undermines the pair ahead of the Eurozone GDP second estimate and the critical US CPI data. 

GBP/USD keeps losses around 1.3600, awaits US CPI for fresh impetus

GBP/USD holds moderate losses at around 1.3600 in the European session on Friday, though it lacks bearish conviction. The US Dollar remains supported amid softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday. 

Gold trims intraday gains to $5,000 as US inflation data loom

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains heading into the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.

US CPI data set to show modest inflation cooling as markets price in a more hawkish Fed

The US Bureau of Labor Statistics will publish January’s Consumer Price Index data on Friday, delayed by the brief and partial United States government shutdown. The report is expected to show that inflationary pressures eased modestly but also remained above the Federal Reserve’s 2% target.

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.