USD/CAD Technical Analysis: Greenback at 2-week lows ahead of FOMC Minutes


USD/CAD daily chart

  • On the daily time-frame, USD/CAD is trading between the 100 and the 200-day simple moving averages.
  •  The FOMC Minutes at 19.00 GMT can potentially lead to high volatility in the financial markets and in USD-related pairs. 


USD/CAD 4-hour chart

  • USD/CAD is trading below the main SMAs suggesting bearish momentum in the medium-term.

USD/CAD 30-minute chart

  • USD/CAD is trading below its main SMAs suggesting a bear market in the short-term.
  • A break below 1.3160 support should lead to 1.3110 to the downside.
  • Resistance is seen at 1.3200 and 1.3240 level.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3166
    Today Daily change: -46 pips
    Today Daily change %: -0.35%
    Today Daily Open: 1.3212
Trends:
    Daily SMA20: 1.3231
    Daily SMA50: 1.3356
    Daily SMA100: 1.3253
    Daily SMA200: 1.3152
Levels:
    Previous Daily High: 1.3294
    Previous Daily Low: 1.3204
    Previous Weekly High: 1.3341
    Previous Weekly Low: 1.3196
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3239
    Daily Fibonacci 61.8%: 1.326
    Daily Pivot Point S1: 1.3179
    Daily Pivot Point S2: 1.3147
    Daily Pivot Point S3: 1.3089
    Daily Pivot Point R1: 1.3269
    Daily Pivot Point R2: 1.3327
    Daily Pivot Point R3: 1.3359

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

USD/JPY jumps above 156.00 on BoJ's steady policy

USD/JPY jumps above 156.00 on BoJ's steady policy

USD/JPY has come under intense buying pressure, surging past 156.00 after the Bank of Japan kept the key rate unchanged but tweaked its policy statement. The BoJ maintained its fiscal year 2024 and 2025 core inflation forecasts, disappointing the Japanese Yen buyers. 

USD/JPY News

AUD/USD consolidates gains above 0.6500 after Australian PPI data

AUD/USD consolidates gains above 0.6500 after Australian PPI data

AUD/USD is consolidating gains above 0.6500 in Asian trading on Friday. The pair capitalizes on an annual increase in Australian PPI data. Meanwhile, a softer US Dollar and improving market mood also underpin the Aussie ahead of the US PCE inflation data. 

AUD/USD News

Gold price flatlines as traders look to US PCE Price Index for some meaningful impetus

Gold price flatlines as traders look to US PCE Price Index for some meaningful impetus

Gold price lacks any firm intraday direction and is influenced by a combination of diverging forces. The weaker US GDP print and a rise in US inflation benefit the metal amid subdued USD demand. Hawkish Fed expectations cap the upside as traders await the release of the US PCE Price Index.

Gold News

Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high

Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high

Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.

Read more

US economy: Slower growth with stronger inflation

US economy: Slower growth with stronger inflation

The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.

Read more

Forex MAJORS

Cryptocurrencies

Signatures