USD/CAD Technical Analysis: Greenback at multi-month lows against CAD

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is having a deep pullback near the 200-day simple moving averages (SMAs).

USD/CAD 4-hour chart

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

USD/CAD 30-minute chart

USD/CAD is having a small rebound this Monday, but bulls have a lot of work to do if they want to retake control of the market.
The 1.3160 level along with the 200 SMA will be an interesting resistance to look at for a potential break above.
On the flip slide, bears will try to break below 1.3110 in order to bring the market down to the 1.3030 level.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3128
    Today Daily change: 42 pips
    Today Daily change %: 0.32%
    Today Daily Open: 1.3086
Trends:
    Daily SMA20: 1.3257
    Daily SMA50: 1.3374
    Daily SMA100: 1.3218
    Daily SMA200: 1.3129
Levels:
    Previous Daily High: 1.316
    Previous Daily Low: 1.3069
    Previous Weekly High: 1.3287
    Previous Weekly Low: 1.3069
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3104
    Daily Fibonacci 61.8%: 1.3125
    Daily Pivot Point S1: 1.305
    Daily Pivot Point S2: 1.3014
    Daily Pivot Point S3: 1.2958
    Daily Pivot Point R1: 1.3142
    Daily Pivot Point R2: 1.3197
    Daily Pivot Point R3: 1.3233

Author

Flavio Tosti

Independent Analyst

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