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


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

 

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

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more

Forex MAJORS

Cryptocurrencies

Signatures