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


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

 

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