- The Canadian Gross Domestic Product (GDP) in the first quarter came in below expectations at 0.4% vs. 0.7% forecast.
- Can bulls pull away from the 1.3500 figure?
USD/CAD daily chart
USD/CAD almost reached 1.3570 on the release of the Canadian GDP. The market is trading above its main simple moving averages (SMAs).
USD/CAD 4-hour chart
USD/CAD is currently finding little acceptance above 1.3570.
USD/CAD 30-minute chart
USD/CAD is trading above its main SMAs suggesting bullish momentum. However, a break below 1.3520 can lead to a deeper retracement towards 1.3500, 1.3480 and 1.3430 support. The level to beat for bulls is 1.3570. A break above it can lead to 1.3660 swing high.
|Today last price||1.3534|
|Today Daily Change||0.0034|
|Today Daily Change %||0.25|
|Today daily open||1.35|
|Previous Daily High||1.3522|
|Previous Daily Low||1.3486|
|Previous Weekly High||1.3503|
|Previous Weekly Low||1.3357|
|Previous Monthly High||1.3522|
|Previous Monthly Low||1.3274|
|Daily Fibonacci 38.2%||1.3499|
|Daily Fibonacci 61.8%||1.3508|
|Daily Pivot Point S1||1.3484|
|Daily Pivot Point S2||1.3466|
|Daily Pivot Point S3||1.3447|
|Daily Pivot Point R1||1.352|
|Daily Pivot Point R2||1.3538|
|Daily Pivot Point R3||1.3556|
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