USD/CAD Technical Analysis: Bulls challenging a key resistance area near 1.3140

USD/CAD is trading up into a key resistance area at 1.3120-1.3155.
USD/CAD bulls objective is to breakout above this zone and the daily bearish trendline in order to resume the main bull trend.
Targets to the upside are seen near 1.3172, 1.3200 and 1.3271 June 29 high. Supports are located near 1.3100 figure, 1.3053-1.3066 area and 1.3022 July 25 low.

Flavio Tosti Independent Analyst

USD/CAD 15-minute chart

USD/CAD daily chart

Spot rate: 1.3137
Relative change: 0.60%
High: 1.3143
Low: 1.3048

Trend: Bullish
Short-term Trend: Bearish below 1.3120-1.3155 area

Resistance 1: 1.3120-1.3155 area, supply/demand level and June 18 low
Resistance 2: 1.3172 August 13 swing high
Resistance 3: 1.3200 figure
Resistance 4: 1.3271 June 29 high
Resistance 5: 1.3350 figure
Resistance 6: 1.3388, 2018 high
Resistance 7: 1.3543 June 9, 2017 swing high

Support 1: 1.3100 figure
Support 2: 1.3053-1.3066 area, June 5 swing high and July 9 low
Support 3: 1.3022 July 25 low
Support 4: 1.3000 figure
Support 5: 1.2974 August 1 swing low
Support 6: 1.2900 figure
Support 7: 1.2855 June 6 low

Author

Flavio Tosti

Independent Analyst

EUR/USD regains balance, targets 1.1800

EUR/USD has lost a bit of momentum after its earlier push higher and is now attempting to reclaim the key 1.1800 barrier on Monday. In the meantime, investors remain focused on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD recedes from tops, back to 1.3500

GBP/USD is extending its move higher on Monday, meeting some resistance around 1.3530 on the back of the widespread bearish tone in the US Dollar amid ongoing uncertainty around tariffs. For now, traders are watching overall risk sentiment and central bank rhetoric for the next directional cue.

Gold advances to four-week highs, focus is on $5,200

Gold is holding onto its bullish tone on Monday, hovering near monthly highs well above the $5,100 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.