USD/CAD technical analysis: Greenback challenging last week highs near 1.3270 level


  • As the market mood improves, the greenback is recovering across the board this Tuesday.
  • The levels to beat for bulls are the 1.3270 level, followed by 1.3300 and 1.3320 resistance. 

 

USD/CAD daily chart

 
USD/CAD is grinding up above the 1.3200 level and the 50-day simple moving averages (DSMA) suggesting a correction up towards the 1.3300 figure.
 
 

USD/CAD 4-hour chart

 
 
The market is trading above its main SMAs, suggesting a bullish momentum in the medium term. A break above 1.3270 can lead to 1.3300, 1.3320 and potentially 1.3345 on the way up, according to the Technical Confluences Indicator.
 
 

USD/CAD 30-minute chart

 
 
USD/CAD is challenging last week high while trading above its main SMAs. Immediate support is seen at 1.3230 and the 1.3200 figure, according to the Technical Confluences Indicator.
 
 
 

Additional key levels

USD/CAD

Overview
Today last price 1.3256
Today Daily Change 0.0048
Today Daily Change % 0.36
Today daily open 1.3208
 
Trends
Daily SMA20 1.3123
Daily SMA50 1.3214
Daily SMA100 1.3309
Daily SMA200 1.3307
Levels
Previous Daily High 1.325
Previous Daily Low 1.3178
Previous Weekly High 1.3267
Previous Weekly Low 1.3106
Previous Monthly High 1.3215
Previous Monthly Low 1.3016
Daily Fibonacci 38.2% 1.3205
Daily Fibonacci 61.8% 1.3222
Daily Pivot Point S1 1.3174
Daily Pivot Point S2 1.314
Daily Pivot Point S3 1.3102
Daily Pivot Point R1 1.3246
Daily Pivot Point R2 1.3284
Daily Pivot Point R3 1.3318

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD slips back to low ground amid coronavirus concerns

EUR/USD is trading closer to 1.08 coronavirus headlines are weighing heavily on the market. The US dollar remains bid despite falling US yields.  Earlier, the German IFO Business Climate beat with 96.1.

EUR/USD News

GBP/USD dips below 1.29 on USD strength

GBP/USD has dipped below 1.29 as the dollar gains ground amid coronavirus headlines. The EU and the UK prepare for formal post-Brexit due to talks kicking off next week. 

GBP/USD News

Crypto market consolidates prices while crushing traders' emotions

Top 3 prices remain in range and contradict indicators pointing south. Mild "fear" sentiment is inconsistent with prices in the upper range of the upward movement. XRP may be the surprise of the week and bounce upwards for technical reasons.

Read more

Gold hits fresh multi-year tops, eyeing $1700 mark

Gold continues scaling higher amid a fresh wave of the global risk-aversion trade. Heightened fears about the economic impact of the deadly coronavirus rattled investors. Absent relevant economic data is unlikely to hinder the ongoing strong move up.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex MAJORS

Cryptocurrencies

Signatures