USD/CAD Technical Analysis: The drop to 1.3300 figure is virtually inevitable

Flavio Tosti Independent Analyst

USD/CAD daily chart

USD/CAD is trading in a bull trend above the 50, 100 and 200-day simple moving averages.

USD/CAD 4-hour chart

USD/CAD is testing the 50 SMA.

USD/CAD 30-minute chart

USD/CAD is trading below its main SMAs.
Bears are in control and the next destination for them is likely going to be the 1.3300 figure to the downside.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3341
    Today Daily change: -17 pips
    Today Daily change %: -0.127%
    Today Daily Open: 1.3358
Trends:
    Previous Daily SMA20: 1.3278
    Previous Daily SMA50: 1.3161
    Previous Daily SMA100: 1.3092
    Previous Daily SMA200: 1.3024
Levels:
    Previous Daily High: 1.34
    Previous Daily Low: 1.3322
    Previous Weekly High: 1.3445
    Previous Weekly Low: 1.316
    Previous Monthly High: 1.336
    Previous Monthly Low: 1.3048
    Previous Daily Fibonacci 38.2%: 1.3352
    Previous Daily Fibonacci 61.8%: 1.337
    Previous Daily Pivot Point S1: 1.332
    Previous Daily Pivot Point S2: 1.3283
    Previous Daily Pivot Point S3: 1.3243
    Previous Daily Pivot Point R1: 1.3397
    Previous Daily Pivot Point R2: 1.3437
    Previous Daily Pivot Point R3: 1.3474

Author

Flavio Tosti

Independent Analyst

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