USD/CAD Technical Analysis: Greenback bulls losing the grip on the 1.3600 figure

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 50, 100 and 200-period simple moving average (SMAs).
USD/CAD is testing the May 2017 highs.

USD/CAD 4-hour chart

USD/CAD is pulling back to the 50 SMA.

USD/CAD 30-minute chart

USD/CAD broke below the 50, 100 and 200 SMAs.
A sustained break below 1.3580 can lead to a bearish continuation to the 1.3540 level.
The 1.3600 figure should act as resistance in the short-term.

Additional key levels:

USD/CAD

Overview:
    Today Last Price: 1.3577
    Today Daily change: -63 pips
    Today Daily change %: -0.462%
    Today Daily Open: 1.364
Trends:
    Previous Daily SMA20: 1.3513
    Previous Daily SMA50: 1.3317
    Previous Daily SMA100: 1.3166
    Previous Daily SMA200: 1.3067
Levels:
    Previous Daily High: 1.3658
    Previous Daily Low: 1.3422
    Previous Weekly High: 1.4134
    Previous Weekly Low: 1.3564
    Previous Monthly High: 1.4134
    Previous Monthly Low: 1.316
    Previous Daily Fibonacci 38.2%: 1.3512
    Previous Daily Fibonacci 61.8%: 1.3568
    Previous Daily Pivot Point S1: 1.3489
    Previous Daily Pivot Point S2: 1.3337
    Previous Daily Pivot Point S3: 1.3252
    Previous Daily Pivot Point R1: 1.3725
    Previous Daily Pivot Point R2: 1.381
    Previous Daily Pivot Point R3: 1.3962

Author

Flavio Tosti

Independent Analyst

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