USD/CAD Technical Analysis: Greenback jumps near 1.3500 against CAD on dovish BoC

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above its 200 simple moving average (SMA) as the market is challenging the 1.3500 level.
The Bank of Canada left its target for the overnight rate at 1.75%.

USD/CAD 4-hour chart

USD/CAD bulls want a daily close above 1.3500 figure. The next resistances to the upside are seen at 1.3570 and 1.3650 level.
Support is at 1.3460/40 and 1.3370 level.

Additional key levels

USD/CAD

Overview
Today last price	1.3508
Today Daily Change	0.0086
Today Daily Change %	0.64
Today daily open	1.3422

Trends
Daily SMA20	1.3359
Daily SMA50	1.3323
Daily SMA100	1.3346
Daily SMA200	1.3213

Levels
Previous Daily High	1.3444
Previous Daily Low	1.3342
Previous Weekly High	1.3404
Previous Weekly Low	1.3274
Previous Monthly High	1.3469
Previous Monthly Low	1.313
Daily Fibonacci 38.2%	1.3405
Daily Fibonacci 61.8%	1.3381
Daily Pivot Point S1	1.3362
Daily Pivot Point S2	1.3302
Daily Pivot Point S3	1.326
Daily Pivot Point R1	1.3462
Daily Pivot Point R2	1.3504
Daily Pivot Point R3	1.3564

Author

Flavio Tosti

Independent Analyst

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