USD/CAD Technical Analysis: Greenback bulls challenging 1.3200 figure at 2-month’s high

  • USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA).
  • USD/CAD rose to the 1.3200 figure as it is challenging the September highs. A break of the level can open the gates to 1.3300 figure. 
  • On the flip side, if bears take over a retest of 1.3161 (October 26 high) can be on the cards. 

USD/CAD- 4 hour chart

Main trend:                Bullish

Resistance 1:            1.3200 figure
Resistance 2:            1.3300 figure
Resistance 3:            1.3400 figure

Support 1:            1.3161 October 26 high
Support 2:            1.3108, September 7 low
Support 3:            1.3083 September 27 swing high
Support 4:            1.3053 October 15 high
Support 5:            1.3000 figure
Support 6:            1.2950-59 multi-month key level and August 7 low


Additional key levels at a glance:


    Last Price: 1.3196
    Daily change: 32 pips
    Daily change: 0.243%
    Daily Open: 1.3164
    Daily SMA20: 1.3084
    Daily SMA50: 1.3032
    Daily SMA100: 1.3073
    Daily SMA200: 1.2942
    Daily High: 1.3184
    Daily Low: 1.3088
    Weekly High: 1.3172
    Weekly Low: 1.3048
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3147
    Daily Fibonacci 61.8%: 1.3125
    Daily Pivot Point S1: 1.3106
    Daily Pivot Point S2: 1.3048
    Daily Pivot Point S3: 1.3009
    Daily Pivot Point R1: 1.3203
    Daily Pivot Point R2: 1.3242
    Daily Pivot Point R3: 1.33


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