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

EUR/USD sticks to positive bias above 1.1800 as trade jitters undermine USD

The EUR/USD pair builds on the previous day's modest gains and attracts some buyers for the second straight day on Thursday amid a softer US Dollar. Spot prices, however, lack bullish conviction and trade around the 1.1815-1.1820 area during the Asian session, up 0.10% for the day.

GBP/USD bounces as soft CPI boosts BoE cut bets

GBP/USD rose 0.42% on Wednesday, recovering toward 1.3600 in a session shaped by softer-than-expected UK inflation data and broad US Dollar weakness. The pair had been consolidating in a tight range between about 1.3450 and 1.3520 for the past few days following the sharp pullback from the late-January high near 1.3870, and Wednesday's move pushed price action back onto the high side of key moving averages.

Gold retains positive bias amid sustained safe-haven demand, softer USD

Gold attracts some buyers for the second straight day as trade jitters and geopolitical tensions ahead of the US-Iran nuclear talks underpin demand for safe-haven assets. Apart from this, a softer US Dollar further supports the bullion, though the underlying bullish sentiment could cap gains. Bulls might also opt to wait for acceptance above the $5,200 mark before positioning for any meaningful appreciating move.

AUD/USD rises toward three-year highs on RBA rate hike bets

AUD/USD remains stronger for the third successive session, trading around 0.7120 during the Asian hours on Thursday. The pair advances toward its three-year high of 0.7147, last touched on February 12, as the Australian Dollar strengthens following hotter-than-expected inflation data from Australia, reinforcing expectations of further interest rate hikes by the Reserve Bank of Australia this year.

Nvidia delivers another monster earnings report, and forecasts big things to come

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.