USD/CAD technical analysis: Greenback ends the day near its low against CAD sub-1.3400


  • USD/CAD remains bullish above its 200-day simple moving average (DSMA).
  • The level to beat for bulls is 1.3400 which is a cluster of many technical levels.

USD/CAD daily chart

USD/CAD is in a bull trend above its 100 and 200-day simple moving average (DSMA). The market found some resistance at 1.3440 and the 50 SMA. 


USD/CAD 4-hour chart

USD/CAD is currently rejecting the 1.3400 figure and the 100/200 SMAs. There is strong support at 1.3350, the 100 SMA on the daily chart and the weekly Fibonacci of 38.2%. 

USD/CAD 30-minute chart

The 50 SMA is crossing below the 100 SMA suggesting that the market is losing some bullish momentum in the near term. A break below 1.3380 weak support (weekly Fibonacci of 23.6%) can lead to a drop to 1.3350. On the flip side, resistance is at 1.3400 figure, this level is a cluster of several technical indicators according to the Technical Confluences Indicator. If broken the market could potentially break sharply up towards 1.3500 figure. 

Additional key levels

USD/CAD

Overview
Today last price 1.3381
Today Daily Change -0.0032
Today Daily Change % -0.24
Today daily open 1.3413
 
Trends
Daily SMA20 1.3407
Daily SMA50 1.3415
Daily SMA100 1.3352
Daily SMA200 1.3282
Levels
Previous Daily High 1.342
Previous Daily Low 1.3393
Previous Weekly High 1.3424
Previous Weekly Low 1.3242
Previous Monthly High 1.3566
Previous Monthly Low 1.3357
Daily Fibonacci 38.2% 1.341
Daily Fibonacci 61.8% 1.3404
Daily Pivot Point S1 1.3397
Daily Pivot Point S2 1.3382
Daily Pivot Point S3 1.337
Daily Pivot Point R1 1.3425
Daily Pivot Point R2 1.3436
Daily Pivot Point R3 1.3452

 

 

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