USD/CAD Technical Analysis: Greenback bulls keep the market near 1.3200 against the Canadian Dollar

USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA).
USD/CAD are working at keeping the market near the 1.3200 level. The momentum is bullish and the next objective is to retake 1.3214 (November 9 high) to go to 1.3300 figure.
Alternatively, failures below 1.3214 can lead to a pullback down to 1.3161 (October 26 high).

Flavio Tosti Independent Analyst

USD/CAD 4-hour chart

Main trend: Bullish

Resistance 1: 1.3214 November 9 high
Resistance 2: 1.3300 figure
Resistance 3: 1.3400 figure

Support 1: 1.3200 figure
Support 2: 1.3161 October 26 high
Support 3: 1.3108, September 7 low
Support 4: 1.3083 September 27 swing high
Support 5: 1.3053 October 15 high
Support 6: 1.3000 figure
Support 7: 1.2950-59 multi-month key level and August 7 low

Additional key levels at a glance:

USD/CAD

Overview:
    Last Price: 1.3199
    Daily change: -5.0 pips
    Daily change: -0.0379%
    Daily Open: 1.3204
Trends:
    Daily SMA20: 1.3093
    Daily SMA50: 1.3037
    Daily SMA100: 1.3071
    Daily SMA200: 1.2946
Levels:
    Daily High: 1.3233
    Daily Low: 1.3138
    Weekly High: 1.3233
    Weekly Low: 1.3056
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3197
    Daily Fibonacci 61.8%: 1.3174
    Daily Pivot Point S1: 1.315
    Daily Pivot Point S2: 1.3096
    Daily Pivot Point S3: 1.3054
    Daily Pivot Point R1: 1.3245
    Daily Pivot Point R2: 1.3287
    Daily Pivot Point R3: 1.3341

Author

Flavio Tosti

Independent Analyst

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