- USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) following the FOMC statement.
- USD/CAD jumped almost a 100 pips following the FOMC statement and broke to a new monthly high.
- USD/CAD is now less than 30 pips away from the 1.3200 level and there seems to be little in the way for the level to be reached.
USD/CAD-hour chart
-636773045555290564.png)
Main trend: Bullish
Resistance 1: 1.3200 figure
Resistance 2: 1.3300 figure
Resistance 3: 1.3400 figure
Support 1: 1.3161 October 26 high
Support 2: 1.3108, September 7 low
Support 3: 1.3083 September 27 swing high
Support 4: 1.3053 October 15 high
Support 5: 1.3000 figure
Support 6: 1.2950-59 multi-month key level and August 7 low
Additional key levels at a glance:
USD/CAD
Overview:
Last Price: 1.3182
Daily change: 69 pips
Daily change: 0.526%
Daily Open: 1.3113
Trends:
Daily SMA20: 1.3078
Daily SMA50: 1.3027
Daily SMA100: 1.3074
Daily SMA200: 1.2938
Levels:
Daily High: 1.316
Daily Low: 1.3056
Weekly High: 1.3172
Weekly Low: 1.3048
Monthly High: 1.3172
Monthly Low: 1.2783
Daily Fibonacci 38.2%: 1.3096
Daily Fibonacci 61.8%: 1.312
Daily Pivot Point S1: 1.306
Daily Pivot Point S2: 1.3006
Daily Pivot Point S3: 1.2956
Daily Pivot Point R1: 1.3163
Daily Pivot Point R2: 1.3213
Daily Pivot Point R3: 1.3266
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP
The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report. As the Asian session begins, the AUD/USD trades around 0.6495.
USD/JPY finds its highest bids since 1990, approaches 156.00
USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad FX market.
Gold stays firm amid higher US yields as traders await US GDP data
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.
Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30
Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data
The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.