“¢ The pair’s intraday up-move picked up the pace during the early North-American session, with bulls pushing it through and further beyond 1.3200 handle.
“¢ A decisive move beyond 100/200-hour SMA and 50% Fibonacci retracement level of the last week’s slide was seen as a key trigger for bullish traders.
“¢ Technical indicators on the 1-hourly chart have already started gaining positive momentum and support prospects for further intraday up-move.
“¢ A follow-through buying beyond 61.8% Fibonacci retracement level will add credence to constructive outlook and set the stage for a retest of multi-month tops.
USD/CAD 1-hourly chart
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USD/CAD
Overview:
Last Price: 1.3212
Daily change: 35 pips
Daily change: 0.266%
Daily Open: 1.3177
Trends:
Daily SMA20: 1.3143
Daily SMA50: 1.3045
Daily SMA100: 1.3068
Daily SMA200: 1.297
Levels:
Daily High: 1.3202
Daily Low: 1.3142
Weekly High: 1.3264
Weekly Low: 1.3127
Monthly High: 1.3172
Monthly Low: 1.2783
Daily Fibonacci 38.2%: 1.3179
Daily Fibonacci 61.8%: 1.3165
Daily Pivot Point S1: 1.3145
Daily Pivot Point S2: 1.3113
Daily Pivot Point S3: 1.3084
Daily Pivot Point R1: 1.3206
Daily Pivot Point R2: 1.3235
Daily Pivot Point R3: 1.3267
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