USD/CAD technical analysis: Greenback attempting to refresh daily high, approaching 1.3050

USD/CAD is trading near daily highs near 1.3040.
The levels to beat for bulls are 1.3050 and 1.3080/1.3100.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading near multi-month lows as the market is trading below the main daily simple moving averages (DSMAs).

USD/CAD 4-hour chart

The market is trading just above 1.3016 support and below its main SMAs. Further down lies 1.2770, according to the Technical Confluences Indicator.

USD/CAD 30-minute chart

The market is challenging the daily as it is heading into stroong resistance near 1.3050 and the 100 SMA. If the bulls can overcome 1.3050, the next resistances can be seen near 1.3080, 1.3100 and 1.3150, according to the Technical Confluences Indicator.

Additional key levels

USD/CAD

Overview
Today last price	1.3041
Today Daily Change	0.0013
Today Daily Change %	0.10
Today daily open	1.3028

Trends
Daily SMA20	1.3254
Daily SMA50	1.3375
Daily SMA100	1.3349
Daily SMA200	1.3293

Levels
Previous Daily High	1.309
Previous Daily Low	1.3018
Previous Weekly High	1.3144
Previous Weekly Low	1.3018
Previous Monthly High	1.3529
Previous Monthly Low	1.306
Daily Fibonacci 38.2%	1.3045
Daily Fibonacci 61.8%	1.3063
Daily Pivot Point S1	1.3001
Daily Pivot Point S2	1.2972
Daily Pivot Point S3	1.2928
Daily Pivot Point R1	1.3074
Daily Pivot Point R2	1.3119
Daily Pivot Point R3	1.3147

Author

Flavio Tosti

Independent Analyst

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