USD/CAD technical analysis: Greenback sinks to 3-month lows against CAD


  • USD/CAD is trading at levels not seen since March.
  • The next supports to the downside are seen near 1.3110 and 1.3068.

USD/CAD daily chart

USD/CAD broke below 1.3200 figure and its main daily simple moving average (DSMA). The overall picture is turning negative for the commodity-linked currency pair.


USD/CAD 4-hour chart

USD/CAD is under bearish pressure below 1.3180 and its main SMAs. The market reached levels not seen since March of this year. 


USD/CAD 30-minute chart

The 50 SMA crossed below the 200 SMA which is seen as a bearish sign. The path of least resistance is to the downside. The next support cab be seen at 1.3110 (near weekly Pivot Point S3) and 1.3068 ( February low).

Additional key levels

USD/CAD

Overview
Today last price 1.3174
Today Daily Change -0.0108
Today Daily Change % -0.81
Today daily open 1.3282
 
Trends
Daily SMA20 1.3398
Daily SMA50 1.3415
Daily SMA100 1.3354
Daily SMA200 1.3285
Levels
Previous Daily High 1.3384
Previous Daily Low 1.3279
Previous Weekly High 1.3424
Previous Weekly Low 1.3242
Previous Monthly High 1.3566
Previous Monthly Low 1.3357
Daily Fibonacci 38.2% 1.3319
Daily Fibonacci 61.8% 1.3344
Daily Pivot Point S1 1.3246
Daily Pivot Point S2 1.321
Daily Pivot Point S3 1.3141
Daily Pivot Point R1 1.3351
Daily Pivot Point R2 1.342
Daily Pivot Point R3 1.3456

 

 

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