Home USD/CAD Technical Analysis: Bears can drive the market down to 1.3100 figure next week
FXStreet News

USD/CAD Technical Analysis: Bears can drive the market down to 1.3100 figure next week

USD/CAD daily chart

  • USD/CAD found strong resistance at the 1.3250 level.
  • Technical indicators are starting to lose momentum but are still in positive territories.  

 

USD/CAD 4-hour chart

  • Bears had a strong bear breakout to 1.3150 and the 100-period simple moving average (SMA).  
  • USD/CAD remains bearish below 1.3200 figure with a target at 1.3100 figure.  

 

USD/CAD 30-minute chart

  • USD/CAD is trading below its main SMAs suggesting continued bearish momentum in the near future.  

Additional key levels at a glance:
 

USD/CAD

Overview:
       Last Price:  1.3164
       Daily change:  -20  pips
       Daily change:  -0.152%
       Daily Open:  1.3184
Trends:
       Daily SMA20:  1.3137
       Daily SMA50:  1.3045
       Daily SMA100:  1.3068
       Daily SMA200:  1.2963
Levels:
       Daily High:  1.3253
       Daily Low:  1.3156
       Weekly High:  1.3233
       Weekly Low:  1.3056
       Monthly High:  1.3172
       Monthly Low:  1.2783
       Daily Fibonacci 38.2%:  1.3193
       Daily Fibonacci 61.8%:  1.3216
       Daily Pivot Point S1:  1.3143
       Daily Pivot Point S2:  1.3101
       Daily Pivot Point S3:  1.3046
       Daily Pivot Point R1:  1.3239
       Daily Pivot Point R2:  1.3294
       Daily Pivot Point R3:  1.3336

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.