USD/CAD technical analysis: Greenback slips below last week low approaching the 1.3100 handle

USD/CAD is under pressure approaching the 1.3100 figure.
Bears need a breakout below last week low at 1.3150 support.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is breaking below last week low while below the main daily simple moving averages (DSMAs).

USD/CAD 4-hour chart

USD/CAD is under pressure below the main SMAs. Sellers want to reach 1.3084 swing low.

USD/CAD 30-minute chart

The market is trading below its main SMAs suggesting a negative bias. Resistances are seen at 1.3120 and 1.3150, according to the Technical Confluences Indicator.

Additional key levels

USD/CAD

Overview
Today last price	1.3115
Today Daily Change	-0.0055
Today Daily Change %	-0.42
Today daily open	1.317

Trends
Daily SMA20	1.3344
Daily SMA50	1.3402
Daily SMA100	1.3357
Daily SMA200	1.3289

Levels
Previous Daily High	1.3209
Previous Daily Low	1.3152
Previous Weekly High	1.3434
Previous Weekly Low	1.3151
Previous Monthly High	1.3566
Previous Monthly Low	1.3357
Daily Fibonacci 38.2%	1.3174
Daily Fibonacci 61.8%	1.3187
Daily Pivot Point S1	1.3146
Daily Pivot Point S2	1.3121
Daily Pivot Point S3	1.309
Daily Pivot Point R1	1.3202
Daily Pivot Point R2	1.3233
Daily Pivot Point R3	1.3258

Author

Flavio Tosti

Independent Analyst

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.