USD/CAD technical analysis: Greenback bears challenging last week low near 1.3150

USD/CAD is consolidating last week losses.
Bears need a breakout below last week low at 1.3150 support.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading below the 1.3200 figure and the main daily simple moving averages (DSMAs).

USD/CAD 4-hour chart

USD/CAD remains under pressure below the main SMAs. Sellers want to break below 1.3150 (last week low) to reach 1.3120 and 1.3084 swing lows.

USD/CAD 30-minute chart

The market is testing last week low. Resistances are seen at 1.3200, 1.3232, 1.3310 and 1.3345, according to the Technical Confluences Indicator.

Additional key levels

USD/CAD

Overview
Today last price	1.315
Today Daily Change	-0.0020
Today Daily Change %	-0.15
Today daily open	1.317

Trends
Daily SMA20	1.3344
Daily SMA50	1.3402
Daily SMA100	1.3357
Daily SMA200	1.3289

Levels
Previous Daily High	1.3209
Previous Daily Low	1.3152
Previous Weekly High	1.3434
Previous Weekly Low	1.3151
Previous Monthly High	1.3566
Previous Monthly Low	1.3357
Daily Fibonacci 38.2%	1.3174
Daily Fibonacci 61.8%	1.3187
Daily Pivot Point S1	1.3146
Daily Pivot Point S2	1.3121
Daily Pivot Point S3	1.309
Daily Pivot Point R1	1.3202
Daily Pivot Point R2	1.3233
Daily Pivot Point R3	1.3258

Author

Flavio Tosti

Independent Analyst

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