USD/CAD technical analysis: Greenback starts the week near three-month lows against CAD

USD/CAD is under pressure at levels not seen since July 2019.
The level to beat for bears is the 1.3084 support.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD, on the daily chart, is trading sideways below the main daily simple moving averages (DSMAs). The market is flirting with the 1.3100 handle this Monday.

USD/CAD four-hour chart

USD/CAD is under bearish pressure below its main SMAs. The market needs to break below the 1.3084 support in order to potentially trigger further losses towards the 1.3043 level and 1.3000 handle.

USD/CAD 30-minute chart

USD/CAD is trading below its main SMAs, suggesting bearish momentum in the near term. Resistance is seen at 1.3138, followed by 1.3170 and the 1.3200 handle, according to the Technical Confluences Indicator.

Additional key levels

USD/CAD

Overview
Today last price	1.311
Today Daily Change	-0.0016
Today Daily Change %	-0.12
Today daily open	1.3126

Trends
Daily SMA20	1.3253
Daily SMA50	1.326
Daily SMA100	1.3227
Daily SMA200	1.3285

Levels
Previous Daily High	1.315
Previous Daily Low	1.312
Previous Weekly High	1.3248
Previous Weekly Low	1.312
Previous Monthly High	1.3384
Previous Monthly Low	1.3134
Daily Fibonacci 38.2%	1.3131
Daily Fibonacci 61.8%	1.3138
Daily Pivot Point S1	1.3114
Daily Pivot Point S2	1.3102
Daily Pivot Point S3	1.3083
Daily Pivot Point R1	1.3144
Daily Pivot Point R2	1.3162
Daily Pivot Point R3	1.3174

Author

Flavio Tosti

Independent Analyst

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