|

USD/CAD Technical Analysis: US Dollar comes back above 1.3300 figure against CAD

USD/CAD daily chart

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


USD/CAD 4-hour chart

  • USD/CAD is trading above its main SMAs suggesting bullish momentum in the medium-term.


USD/CAD 30-minute chart

  • USD/CAD is trading above its main SMAs suggesting bullish momentum in the short-term.
  • The break above 1.3370 can lead to 1.3440 resistance.
  • Supports are at 1.3370 and 1.3300 figure.

Additional key levels

USD/CAD

Overview
Today last price1.3385
Today Daily Change0.0080
Today Daily Change %0.60
Today daily open1.3305
 
Trends
Daily SMA201.3299
Daily SMA501.3266
Daily SMA1001.3308
Daily SMA2001.3192
 
Levels
Previous Daily High1.3349
Previous Daily Low1.3257
Previous Weekly High1.344
Previous Weekly Low1.3287
Previous Monthly High1.3341
Previous Monthly Low1.3069
Daily Fibonacci 38.2%1.3292
Daily Fibonacci 61.8%1.3314
Daily Pivot Point S11.3259
Daily Pivot Point S21.3213
Daily Pivot Point S31.3168
Daily Pivot Point R11.335
Daily Pivot Point R21.3395
Daily Pivot Point R31.3441

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD tests 1.1800 barrier above 50-day EMA

EUR/USD gains ground after three days of losses, trading around 1.1790 during the Asian hours on Thursday. The 14-day Relative Strength Index momentum indicator at 47 (neutral) reflects easing momentum. The RSI below 50 keeps momentum balanced and could limit follow-through.

GBP/USD struggles near four-week low vs. USD, below 1.3500 amid BoE rate cut bets

The GBP/USD pair is seen consolidating its weekly losses registered over the past three days and oscillating in a narrow range near a four-week trough, touched during the Asians session on Thursday. Spot prices currently trade just below the 1.3500 psychological mark and seem vulnerable to slide further.

Gold consolidates below $5,000 amid geopolitical risk, hawkish FOMC Minutes

Gold extends its sideways consolidative price move through the Asian session on Thursday and remains below the $5,000 psychological mark as traders seem hesitant amid mixed cues. The US Dollar preserves its strong gains to over a one-week high in the wake of somewhat hawkish Minutes of the US Federal Reserve’s January monetary policy meeting. 

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments. The technical outlook suggests further gains if INJ breaks above key resistance.

Mixed UK inflation data no gamechanger for the Bank of England

Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.