- 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
-636773720245329981.png)
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:
USD/CAD
Overview:
Last Price: 1.3196
Daily change: 32 pips
Daily change: 0.243%
Daily Open: 1.3164
Trends:
Daily SMA20: 1.3084
Daily SMA50: 1.3032
Daily SMA100: 1.3073
Daily SMA200: 1.2942
Levels:
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
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
Editors’ Picks
EUR/USD holds below 1.0750 ahead of key US data
EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments
USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.