USD/CAD Technical Analysis: Greenback bulls will lift the market to 1.3360 resistance

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 100 and 200-period simple moving averages (SMAs).
USD/CAD is having a deep pullback to the 50 SMA.

USD/CAD 4-hour chart

USD/CAD broke below its main SMAs.

USD/CAD 30-minute chart

USD/CAD is trading below its main SMAs but 1.3280 is likely to act as strong support.
Therefore 1.3360 and 1.3400 are most likely the next targets with a possible run up to the 1.3420 level.
A bear break below 1.3280 can lead to a drop to 1.3173.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3299
    Today Daily change: -99 pips
    Today Daily change %: -0.739%
    Today Daily Open: 1.3398
Trends:
    Previous Daily SMA20: 1.3533
    Previous Daily SMA50: 1.3342
    Previous Daily SMA100: 1.3177
    Previous Daily SMA200: 1.3076
Levels:
    Previous Daily High: 1.3498
    Previous Daily Low: 1.338
    Previous Weekly High: 1.3666
    Previous Weekly Low: 1.338
    Previous Monthly High: 1.4134
    Previous Monthly Low: 1.316
    Previous Daily Fibonacci 38.2%: 1.3425
    Previous Daily Fibonacci 61.8%: 1.3453
    Previous Daily Pivot Point S1: 1.3353
    Previous Daily Pivot Point S2: 1.3308
    Previous Daily Pivot Point S3: 1.3236
    Previous Daily Pivot Point R1: 1.347
    Previous Daily Pivot Point R2: 1.3542
    Previous Daily Pivot Point R3: 1.3587

Author

Flavio Tosti

Independent Analyst

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