USD/CAD Technical Analysis: Greenback stable near 1.3300 against CAD


  • USD/CAD is holding its ground despite broad-based USD weakness. 
  • The level to beat for buyers is the 1.3341/1.3354 resistance zone. 
 

USD/CAD daily chart

 
The loonie on the daily chart is hanging near the November highs while trading above the main daily simple moving averages (DMAs). The currency pair remains currently immune to the USD weakness. 
 

USD/CAD four-hour chart

 
USD/CAD is trading above the main SMAs, suggesting a bullish bias in the medium term. A break above 1.3341/1.3354 resistance zone is necessary for the market to appreciate towards 1.3437 in the medium term, according to the Technical Confluences Indicator. 
 

USD/CAD 30-minute chart

 
USD/CAD is trading above the main SMAs, suggesting a bullish momentum in the near term. Support is seen at the 1.3271 and 1.3230 price levels, according to the Technical Confluences Indicator. 
 

Additional key levels

USD/CAD

Overview
Today last price 1.3299
Today Daily Change 0.0017
Today Daily Change % 0.13
Today daily open 1.3282
 
Trends
Daily SMA20 1.3244
Daily SMA50 1.3219
Daily SMA100 1.322
Daily SMA200 1.3279
 
Levels
Previous Daily High 1.3316
Previous Daily Low 1.3272
Previous Weekly High 1.332
Previous Weekly Low 1.3234
Previous Monthly High 1.3328
Previous Monthly Low 1.3114
Daily Fibonacci 38.2% 1.3299
Daily Fibonacci 61.8% 1.3289
Daily Pivot Point S1 1.3265
Daily Pivot Point S2 1.3247
Daily Pivot Point S3 1.3221
Daily Pivot Point R1 1.3308
Daily Pivot Point R2 1.3333
Daily Pivot Point R3 1.3351

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD extends losses toward 1.1250 amid coronavirus concerns

EUR/USD is trading closer to 1.1250 as concerns about US coronavirus cases are growing. Eurozone finance ministers are meeting ahead of next week's summit.  US PPI and updated COVID-19 statistics are awaited.

EUR/USD News

GBP/USD pressured under 1.26 amid risk-off mood, Brexit uncertainty

GBP/USD is trading below 1.26, off the highs. Rising US coronavirus cases are pushing markets lower and the safe-haven dollar higher. Concerns about Brexit and the UK refusal to participate in the EU coronavirus vaccine scheme are weighing on sterling. 

GBP/USD News

Gold: Well-defined battle lines point to range play around $1800

Gold nurses losses around the $1800 following Thursday’s good two-way businesses. The risk-off theme amid COVID-19 concerns continues to bode well for the US dollar. 

Gold News

Canada Net Change in Employment June Preview: June is looking better and better

Job gains expected to more than double in June. Unemployment rate to drop to 12% from 13.7 in May. Ivey PMI was twice its forecast in June, highest since Nov 2019. USD/CAD would benefit from better June job figures.

Read more

WTI drops to fresh weekly lows below $39 amid virus risks, IEA forecast

WTI (August futures on Nymex) extends the steep declines seen on Thursday to drops over 1.50% in the European session this Friday. The oil bears breach the 39 level to hit the lowest levels in eight days at 38.76.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures