USD/CAD technical analysis: Greenback consolidating losses near 1.3200 handle

USD/CAD is consolidating the losses seen last week.
1.3232 can be initial resistance on the way up.

Flavio Tosti Independent Analyst

USD/CAD daily chart

Last week, USD/CAD dropped below the 1.3200 figure and the main daily simple moving average (DSMA).

USD/CAD 4-hour chart

USD/CAD is consolidating its losses below its main SMAs. Bears need to break below 1.3150 (last week low) to reach 1.3120 and 1.3084 swing lows.

USD/CAD 30-minute chart

The market is trading within Friday’s range as the 50 SMA crossed above the 100 SMA suggesting a correction up in the near term. Resistances are seen at 1.3232, 1.3310 and 1.3345, according to the Technical Confluences Indicator.

Additional key levels

USD/CAD

Overview
Today last price	1.3206
Today Daily Change	-0.0014
Today Daily Change %	-0.11
Today daily open	1.322

Trends
Daily SMA20	1.3373
Daily SMA50	1.3409
Daily SMA100	1.3356
Daily SMA200	1.3287

Levels
Previous Daily High	1.3232
Previous Daily Low	1.3162
Previous Weekly High	1.3434
Previous Weekly Low	1.3151
Previous Monthly High	1.3566
Previous Monthly Low	1.3357
Daily Fibonacci 38.2%	1.3205
Daily Fibonacci 61.8%	1.3189
Daily Pivot Point S1	1.3178
Daily Pivot Point S2	1.3136
Daily Pivot Point S3	1.3109
Daily Pivot Point R1	1.3247
Daily Pivot Point R2	1.3274
Daily Pivot Point R3	1.3316

Author

Flavio Tosti

Independent Analyst

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