USD/CAD Technical Analysis: Greenback rises to 6-month’s high post-Bank of Canada

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).
USD/CAD spiked up as the Bank of Canada keeps the policy rate unchanged at 1.75%.

USD/CAD 4-hour chart

Bulls broke above the 1.3300 figure as the next target is the 1.3400 level.

USD/CAD 30-minute chart

The level to beat for bulls is 1.3400 figure.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3392
    Today Daily change: 1.4e+2 pips
    Today Daily change %: 1.04%
    Today Daily Open: 1.3254
Trends:
    Previous Daily SMA20: 1.3227
    Previous Daily SMA50: 1.3106
    Previous Daily SMA100: 1.308
    Previous Daily SMA200: 1.3006
Levels:
    Previous Daily High: 1.3258
    Previous Daily Low: 1.3164
    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%: 1.3222
    Previous Daily Fibonacci 61.8%: 1.32
    Previous Daily Pivot Point S1: 1.3192
    Previous Daily Pivot Point S2: 1.313
    Previous Daily Pivot Point S3: 1.3097
    Previous Daily Pivot Point R1: 1.3287
    Previous Daily Pivot Point R2: 1.332
    Previous Daily Pivot Point R3: 1.3382

Author

Flavio Tosti

Independent Analyst

EUR/USD trims gains, back below 1.1800

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GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

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