USD/CAD Technical Analysis: Greenback drops to 1.3250 level on Canadian data

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).
In Canada, Net Change in Employment rose to 66.8K versus 8K expected in January, sending the CAD up.

USD/CAD 4-hour chart

USD/CAD is trading between the 100 and 200 SMAs suggesting sideways trading in the medium-term.

USD/CAD 30-minute chart

USD/CAD is trading below its main 50 and 100 SMAs suggesting a slow down in the bullish momentum.
Big bears came in the market and the drop is likely to extend to 1.3105 to the downside.
Resistance is seen at 1.3270 and 1.3300 figure.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3242
    Today Daily change: -58 pips
    Today Daily change %: -0.44%
    Today Daily Open: 1.33
Trends:
    Daily SMA20: 1.3243
    Daily SMA50: 1.3367
    Daily SMA100: 1.3227
    Daily SMA200: 1.3136
Levels:
    Previous Daily High: 1.3318
    Previous Daily Low: 1.3202
    Previous Weekly High: 1.3287
    Previous Weekly Low: 1.3069
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3274
    Daily Fibonacci 61.8%: 1.3246
    Daily Pivot Point S1: 1.3228
    Daily Pivot Point S2: 1.3156
    Daily Pivot Point S3: 1.3111
    Daily Pivot Point R1: 1.3345
    Daily Pivot Point R2: 1.339
    Daily Pivot Point R3: 1.3462

Author

Flavio Tosti

Independent Analyst

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