USD/CAD Technical Analysis: Greenback bears eyeing 1.3200 figure against CAD

Flavio Tosti Independent Analyst

USD/CAD daily chart

On the daily time-frame, USD/CAD is trading between the 50 and the 100-day simple moving averages (SMAs) suggesting a sideways market.
This Monday, US President’s Day, might offer limited moves in the financial markets.

USD/CAD 4-hour chart

USD/CAD is trading between the 100 and 200 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.
Bears will likely try to reach 1.3200 figure to the downside.
Resistance is seen at 1.3240 and 1.3270 level.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3235
    Today Daily change: -12 pips
    Today Daily change %: -0.09%
    Today Daily Open: 1.3247
Trends:
    Daily SMA20: 1.3241
    Daily SMA50: 1.3363
    Daily SMA100: 1.3245
    Daily SMA200: 1.3148
Levels:
    Previous Daily High: 1.3314
    Previous Daily Low: 1.3245
    Previous Weekly High: 1.3341
    Previous Weekly Low: 1.3196
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3272
    Daily Fibonacci 61.8%: 1.3288
    Daily Pivot Point S1: 1.3223
    Daily Pivot Point S2: 1.32
    Daily Pivot Point S3: 1.3154
    Daily Pivot Point R1: 1.3292
    Daily Pivot Point R2: 1.3338
    Daily Pivot Point R3: 1.3362

Author

Flavio Tosti

Independent Analyst

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