USD/CAD Technical Analysis: How high can the Greenback fly against the Loonie?

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is ending Tuesday virtually unchanged below 1.3250 brick wall.
USD/CAD is attempting to break meaningfully above the September high.

USD/CAD 4-hour chart

USD/CAD is evolving in a small rising wedge just below 1.3250 in what appears to be a crowded trade to the upside.
The Stochastic indicator is decelerating.

USD/CAD 30-minute chart

Bulls objective is to break above 1.3250. It is most likely that any attempts above the level would soon fail.
Bears will try to reach 1.3200 and 1.3140 to the downside.

Additional key levels at a glance:

USD/CAD

Overview:
    Last Price: 1.3238
    Daily change: -5.0 pips
    Daily change: -0.0378%
    Daily Open: 1.3243
Trends:
    Daily SMA20: 1.3106
    Daily SMA50: 1.3041
    Daily SMA100: 1.3071
    Daily SMA200: 1.2951
Levels:
    Daily High: 1.3245
    Daily Low: 1.3182
    Weekly High: 1.3233
    Weekly Low: 1.3056
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3221
    Daily Fibonacci 61.8%: 1.3206
    Daily Pivot Point S1: 1.3202
    Daily Pivot Point S2: 1.3161
    Daily Pivot Point S3: 1.314
    Daily Pivot Point R1: 1.3264
    Daily Pivot Point R2: 1.3285
    Daily Pivot Point R3: 1.3326

Author

Flavio Tosti

Independent Analyst

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