USD/CAD technical analysis: Greenback under pressure below the 1.3500 figure (yet again)


USD/CAD daily chart


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

USD/CAD 4-hour chart


USD/CAD is rejecting the 1.3500 and 1.3450 resistance.

 
USD/CAD 30-minute chart

USD/CAD is trading below its 50 and 100 SMAs suggesting a correction down. 1.3400 can be the next meeting point to the downside followed by 1.3360 support. Resistances are at 1.3450, 1.3470 and 1.3500 figure.

Additional key levels

USD/CAD

Overview
Today last price 1.3441
Today Daily Change -0.0031
Today Daily Change % -0.23
Today daily open 1.3472
 
Trends
Daily SMA20 1.3449
Daily SMA50 1.34
Daily SMA100 1.3332
Daily SMA200 1.3253
Levels
Previous Daily High 1.3503
Previous Daily Low 1.3432
Previous Weekly High 1.3514
Previous Weekly Low 1.34
Previous Monthly High 1.3522
Previous Monthly Low 1.3274
Daily Fibonacci 38.2% 1.3476
Daily Fibonacci 61.8% 1.3459
Daily Pivot Point S1 1.3435
Daily Pivot Point S2 1.3398
Daily Pivot Point S3 1.3364
Daily Pivot Point R1 1.3506
Daily Pivot Point R2 1.354
Daily Pivot Point R3 1.3578

 

 

Share: Feed news

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


Recommended content

Editors’ Picks

EUR/USD holds gains above 1.0700, as key US data loom

EUR/USD holds gains above 1.0700, as key US data loom

EUR/USD holds gains above 1.0700 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data. 

EUR/USD News

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter. 

GBP/USD News

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited. 

Gold News

XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger

XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger

Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP. 

Read more

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures