USD/CAD Technical Analysis: Sidelined below 1.3300 figure awaiting next breakout

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).

USD/CAD 4-hour chart

USD/CAD is trading between the 100 and 200 SMAs suggesting sideways trading in the medium-term.

USD/CAD 30-minute chart

The 50 SMA crossed below the 100 SMA suggesting a slowdown in the current bullish momentum.
USD/CAD bulls need to overcome the 1.3300 figure in order to resume the bull trend.
Bears need to break 1.3270 to reach 1.3240 and 1.3180 to the downside. As the 100 SMA is capping prices bears might be in control in the short-term

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3287
    Today Daily change: 22 pips
    Today Daily change %: 0.17%
    Today Daily Open: 1.3265
Trends:
    Daily SMA20: 1.3242
    Daily SMA50: 1.3367
    Daily SMA100: 1.3231
    Daily SMA200: 1.3138
Levels:
    Previous Daily High: 1.333
    Previous Daily Low: 1.3232
    Previous Weekly High: 1.333
    Previous Weekly Low: 1.3084
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.327
    Daily Fibonacci 61.8%: 1.3293
    Daily Pivot Point S1: 1.3221
    Daily Pivot Point S2: 1.3177
    Daily Pivot Point S3: 1.3123
    Daily Pivot Point R1: 1.332
    Daily Pivot Point R2: 1.3374
    Daily Pivot Point R3: 1.3418

Author

Flavio Tosti

Independent Analyst

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