USD/CAD Technical Analysis: Greenback dropping like a stone below 1.3100 against Canadian Dollar

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).

USD/CAD 4-hour chart

USD/CAD is trading below its main SMAs suggesting bearish momentum in the medium-term.

USD/CAD 30-minute chart

USD/CAD broke below the 1.3110 support as bears are trading below the main SMAs.
Next week bears will likely set sail towards the 1.3030 level.
Resistance is seen at 1.3160 and 1.3180 level.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3085
    Today Daily change: -54 pips
    Today Daily change %: -0.41%
    Today Daily Open: 1.3139
Trends:
    Daily SMA20: 1.3272
    Daily SMA50: 1.3377
    Daily SMA100: 1.3218
    Daily SMA200: 1.3128
Levels:
    Previous Daily High: 1.3166
    Previous Daily Low: 1.312
    Previous Weekly High: 1.3378
    Previous Weekly Low: 1.3224
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3138
    Daily Fibonacci 61.8%: 1.3149
    Daily Pivot Point S1: 1.3117
    Daily Pivot Point S2: 1.3096
    Daily Pivot Point S3: 1.3071
    Daily Pivot Point R1: 1.3163
    Daily Pivot Point R2: 1.3187
    Daily Pivot Point R3: 1.3209

Author

Flavio Tosti

Independent Analyst

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