USD/CAD Technical Analysis: Greenback hits 1.3240 target as DXY strengthens across the board

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend below the 200-day simple moving average (SMA).
USD/CAD hit the 1.3240 target as forecast.

USD/CAD 4-hour chart

USD/CAD is finding some resistance at the 50 SMA and near the 1.3240 level.
Technical indicators such as RSI and MACD are picking up steam but Stochastic is still below the 50 line.

USD/CAD 30-minute chart

On smaller time-frames, the level to beat for bulls is 1.3250 and the 200 SMA. Failure to break above 1.3250 can lead to a pullback to 1.3220 in the short-term.
Ultimately, the bull target is 1.3300 figure.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3248
    Today Daily change: 37 pips
    Today Daily change %: 0.280%
    Today Daily Open: 1.3211
Trends:
    Previous Daily SMA20: 1.3221
    Previous Daily SMA50: 1.31
    Previous Daily SMA100: 1.3079
    Previous Daily SMA200: 1.3003
Levels:
    Previous Daily High: 1.328
    Previous Daily Low: 1.316
    Previous Weekly High: 1.336
    Previous Weekly Low: 1.3187
    Previous Monthly High: 1.336
    Previous Monthly Low: 1.3048
    Previous Daily Fibonacci 38.2%: 1.3206
    Previous Daily Fibonacci 61.8%: 1.3234
    Previous Daily Pivot Point S1: 1.3154
    Previous Daily Pivot Point S2: 1.3096
    Previous Daily Pivot Point S3: 1.3033
    Previous Daily Pivot Point R1: 1.3275
    Previous Daily Pivot Point R2: 1.3338
    Previous Daily Pivot Point R3: 1.3396

Author

Flavio Tosti

Independent Analyst

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