Home USD/CAD Technical Analysis: 1.3300 target hit – Bank of Canada rate statement coming next
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USD/CAD Technical Analysis: 1.3300 target hit – Bank of Canada rate statement coming next

USD/CAD daily chart

  • USD/CAD is trading in a bull trend below the 200-day simple moving average (SMA).
  • The Bank of Canada rate statement is scheduled at 15.00 GMT. The event can lead to volatility in the market.
  • The 1.3300 target got hit as forecast.

USD/CAD 4-hour chart

  • The level to beat for bulls is 1.3300 figure.  
  • Failure to break the level can lead to a reversal down to the 1.3250 level.

USD/CAD 30-minute chart

  • The market is decelerating.
  • Bear target at 1.3250 level. Alternativel a break of 1.3300 could lead to 1.3340 resistance.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3285
       Today Daily change:  31  pips
       Today Daily change %:  0.234%
       Today Daily Open:  1.3254
Trends:
       Previous Daily SMA20:  1.3227
       Previous Daily SMA50:  1.3106
       Previous Daily SMA100:  1.308
       Previous Daily SMA200:  1.3006
Levels:
       Previous Daily High:  1.3258
       Previous Daily Low:  1.3164
       Previous Weekly High:  1.336
       Previous Weekly Low:  1.3187
       Previous Monthly High:  1.336
       Previous Monthly Low:  1.3048
       Previous Daily Fibonacci 38.2%:  1.3222
       Previous Daily Fibonacci 61.8%:  1.32
       Previous Daily Pivot Point S1:  1.3192
       Previous Daily Pivot Point S2:  1.313
       Previous Daily Pivot Point S3:  1.3097
       Previous Daily Pivot Point R1:  1.3287
       Previous Daily Pivot Point R2:  1.332
       Previous Daily Pivot Point R3:  1.3382

 

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