USD/CAD technical analysis: Greenback trades above 1.3400 ahead of BoC Gov. Poloz speech

Bank of Canada’s Governor, Stephen Poloz will be speaking at 15:15 GMT.
USD/CAD is trading in the 1.3400-1.3500 range.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trapped in the 1.3400-1.3500 range while it is trading above its main simple moving averages (SMAs).

USD/CAD 4-hour chart

USD/CAD is trying to find some footing above the 1.3400 figure and the 200 SMA.

USD/CAD 30-minute chart

USD/CAD is rebounding from the daily lows. Bulls would need a break above 1.3440 to reach 1.3460 and 1.3500 the figure. On the flip side, a break below 1.3400 can lead to 1.3380 and 1.3350 level.

Additional key levels

USD/CAD

Overview
Today last price	1.3429
Today Daily Change	-0.0007
Today Daily Change %	-0.05
Today daily open	1.3436

Trends
Daily SMA20	1.3441
Daily SMA50	1.3392
Daily SMA100	1.3342
Daily SMA200	1.3243

Levels
Previous Daily High	1.3494
Previous Daily Low	1.3427
Previous Weekly High	1.3506
Previous Weekly Low	1.338
Previous Monthly High	1.3522
Previous Monthly Low	1.3274
Daily Fibonacci 38.2%	1.3453
Daily Fibonacci 61.8%	1.3469
Daily Pivot Point S1	1.3411
Daily Pivot Point S2	1.3386
Daily Pivot Point S3	1.3344
Daily Pivot Point R1	1.3478
Daily Pivot Point R2	1.352
Daily Pivot Point R3	1.3545

Author

Flavio Tosti

Independent Analyst

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