USD/CAD technical analysis: Greenback trading at its lowest in nine months against CAD, sub- 1.3100

USD/CAD is challenging levels not seen since October 2018.
Sellers need a breakout below 1.3037 support.

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is dropping to multi-month lows as the market is trading below its main daily simple moving averages (DSMAs).

USD/CAD 4-hour chart

USD/CAD had a small reaction up above the 1.3037 support but remains under heavy bearish pressure below its main SMAs. If the market break below 1.3037 support, the next levels to the downside can be seen at 1.3016 and 1.2969.

USD/CAD 30-minute chart

The market is trading below its main SMAs suggesting a bearish bias in the near term. Resistances can be seen at 1.3080, 1.3100 and 1.3125, according to the Technical Confluences Indicator.

Additional key levels

USD/CAD

Overview
Today last price	1.3056
Today Daily Change	-0.0001
Today Daily Change %	-0.01
Today daily open	1.3057

Trends
Daily SMA20	1.3236
Daily SMA50	1.3367
Daily SMA100	1.3347
Daily SMA200	1.3293

Levels
Previous Daily High	1.312
Previous Daily Low	1.3057
Previous Weekly High	1.3218
Previous Weekly Low	1.306
Previous Monthly High	1.3529
Previous Monthly Low	1.306
Daily Fibonacci 38.2%	1.3081
Daily Fibonacci 61.8%	1.3096
Daily Pivot Point S1	1.3035
Daily Pivot Point S2	1.3014
Daily Pivot Point S3	1.2971
Daily Pivot Point R1	1.3099
Daily Pivot Point R2	1.3142
Daily Pivot Point R3	1.3163

Author

Flavio Tosti

Independent Analyst

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