USD/CAD Technical Analysis: Firming up support for a run at 1.3300

Intraday action for USD/CAD this week sees the pair largely stuck in consolidation, and a decisive break of 1.3300 will be required before the Dollar can resume gaining ground against the Loonie.

Joshua Gibson FXStreet

USD/CAD, 15-Minute

The Dollar's rebound against the Loonie remains limited, caught on the long side of support from 1.3250, but bullish momentum remains decidedly limited below 1.3300.

USD/CAD, 1-Hour

USD/CAD's tumble from 1.3666 sees the pair snagged on the 1.3270 level, and a bounce back to the 38.2% Fibo retracement level near 1.3366 is still forthcoming.

USD/CAD, 4-Hour

USD/CAD

Overview:
    Today Last Price: 1.3274
    Today Daily change: 0 pips
    Today Daily change %: -1.42e-14%
    Today Daily Open: 1.3274
Trends:
    Daily SMA20: 1.3464
    Daily SMA50: 1.3367
    Daily SMA100: 1.32
    Daily SMA200: 1.3097
Levels:
    Previous Daily High: 1.332
    Previous Daily Low: 1.3248
    Previous Weekly High: 1.339
    Previous Weekly Low: 1.318
    Previous Monthly High: 1.4134
    Previous Monthly Low: 1.316
    Daily Fibonacci 38.2%: 1.3293
    Daily Fibonacci 61.8%: 1.3276
    Daily Pivot Point S1: 1.3242
    Daily Pivot Point S2: 1.3209
    Daily Pivot Point S3: 1.317
    Daily Pivot Point R1: 1.3314
    Daily Pivot Point R2: 1.3353
    Daily Pivot Point R3: 1.3386

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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