USD/CAD Technical Analysis: Greenback drifting down below 1.3500 figure

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above its 200 simple moving average (SMA).
USD/CAD found resistance at 1.3520 resistance and has been retracing towards 1.3440 support.

USD/CAD 4-hour chart

USD/CAD is trading above its main SMAs suggesting bullish momentum.
If the current correction down break 1.3440 then a drop towards 1.3400 can be on the cards.
Resistance is seen at 1.3480 and 1.3520 level.

Additional key levels

USD/CAD

Overview
Today last price	1.3448
Today Daily Change	-0.0010
Today Daily Change %	-0.07
Today daily open	1.3458

Trends
Daily SMA20	1.3379
Daily SMA50	1.334
Daily SMA100	1.335
Daily SMA200	1.3219

Levels
Previous Daily High	1.348
Previous Daily Low	1.344
Previous Weekly High	1.3522
Previous Weekly Low	1.3335
Previous Monthly High	1.3469
Previous Monthly Low	1.313
Daily Fibonacci 38.2%	1.3455
Daily Fibonacci 61.8%	1.3465
Daily Pivot Point S1	1.3439
Daily Pivot Point S2	1.3419
Daily Pivot Point S3	1.3398
Daily Pivot Point R1	1.348
Daily Pivot Point R2	1.3501
Daily Pivot Point R3	1.3521

Author

Flavio Tosti

Independent Analyst

EUR/USD: US Dollar to remain pressured until uncertainty fog dissipates

Unimpressive European Central Bank left monetary policy unchanged for the fifth consecutive meeting. The United States first-tier employment and inflation data is scheduled for the second week of February. EUR/USD battles to remain afloat above 1.1800, sellers moving to the sidelines.

GBP/USD softens to near 1.3600 as BoE hints further rate cuts

The GBP/USD pair loses ground to near 1.3610 during the early Asian session on Monday. The Pound Sterling softens against the Greenback amid growing expectations of the Bank of England’s interest-rate cut. Traders will take more cues from the Fedspeak later on Monday.

Gold eyes acceptance above $5,000, kicking off a big week

Gold is consolidating the latest uptick at around the $5,000 mark, with buyers gathering pace for a sustained uptrend as a critical week kicks off. All eyes remain on the delayed Nonfarm Payrolls and Consumer Price Index data from the United States due on Wednesday and Friday, respectively.

Top Crypto Gainers: Aster, Decred, and Kaspa rise as selling pressure wanes

Altcoins such as Aster, Decred, and Kaspa are leading the broader cryptocurrency market recovery over the last 24 hours, as Bitcoin holds above $70,000 on Monday, up from the $60,000 dip on Thursday.

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.