- 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|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.