USD/CAD technical analysis: Greenback gets rejected at the 1.3500 figure one more time

CAD is gaining momentum as crude oil is up on on Wednesday. CAD is correlated to oil.
The 1.3500 figure is a tough nut to crack and buyers have not been able to pierce through it yet.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD stays trapped in the 1.3400-1.3500 range while the market trades above its main simple moving averages (SMAs).

USD/CAD 4-hour chart

The market is rejecting once again the 1.3500 figure.

USD/CAD 30-minute chart

USD/CAD seems set to remain contained in a tight range between 1.3440 and 1.3500 figure. However, if sellers manage to break below 1.3440 the market might dive down to 1.3400 the figure.

Additional key levels

USD/CAD

Overview
Today last price	1.345
Today Daily Change	-0.0012
Today Daily Change %	-0.09
Today daily open	1.3462

Trends
Daily SMA20	1.3436
Daily SMA50	1.3392
Daily SMA100	1.3343
Daily SMA200	1.3241

Levels
Previous Daily High	1.3492
Previous Daily Low	1.3456
Previous Weekly High	1.3506
Previous Weekly Low	1.338
Previous Monthly High	1.3522
Previous Monthly Low	1.3274
Daily Fibonacci 38.2%	1.347
Daily Fibonacci 61.8%	1.3478
Daily Pivot Point S1	1.3448
Daily Pivot Point S2	1.3434
Daily Pivot Point S3	1.3413
Daily Pivot Point R1	1.3483
Daily Pivot Point R2	1.3505
Daily Pivot Point R3	1.3519

Author

Flavio Tosti

Independent Analyst

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