USD/CAD Technical Analysis: Greenback pushes beyond June’s highs against Loonie - 1.3340 bear target

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).
Bulls are breaking above the June’s high.

USD/CAD 4-hour chart

Bulls should close above 1.3400 figure on a daily closing basis in order to claim higher prices.
Targets to the upside can be seen near the 1.3500 and 1.3542 level for the coming weeks.

USD/CAD 30-minute chart

USD/CAD is trading above its main SMAs.
USD/CAD completed a 5-wave pattern suggesting a correction to 1.3340 level

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3422
    Today Daily change: 42 pips
    Today Daily change %: 0.314%
    Today Daily Open: 1.338
Trends:
    Previous Daily SMA20: 1.324
    Previous Daily SMA50: 1.3113
    Previous Daily SMA100: 1.3082
    Previous Daily SMA200: 1.3009
Levels:
    Previous Daily High: 1.34
    Previous Daily Low: 1.3224
    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%: 1.3333
    Previous Daily Fibonacci 61.8%: 1.3291
    Previous Daily Pivot Point S1: 1.3269
    Previous Daily Pivot Point S2: 1.3159
    Previous Daily Pivot Point S3: 1.3093
    Previous Daily Pivot Point R1: 1.3445
    Previous Daily Pivot Point R2: 1.351
    Previous Daily Pivot Point R3: 1.3621

Author

Flavio Tosti

Independent Analyst

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