- Oil markets have hampered the CAD.
- New Year’s trading promises a rush of fresh liquidity in the latter half of the week.
USD/CAD is trading steadily near 1.3630 as traders buckle down for rollover into 2019 and Tuesday’s market holiday, with broader market volumes grinding to a halt as investors set up for the second off-day this holiday season.
Crude oil continues to see play towards the downside, leaving the Canadian Loonie exposed to further downside, with the commodity-linked CAD giving up steady ground to the Greenback with the USD/CAD pairing climbing for three straight months.
The pair remains latched onto near-term highs, threatening to plug into the major 1.3700 handle and 2017’s peak heading into the new year.
USD/CAD Technical Levels
USD/CAD
Overview:
Today Last Price: 1.363
Today Daily change: -30 pips
Today Daily change %: -0.220%
Today Daily Open: 1.366
Trends:
Previous Daily SMA20: 1.3472
Previous Daily SMA50: 1.3295
Previous Daily SMA100: 1.3155
Previous Daily SMA200: 1.306
Levels:
Previous Daily High: 1.3662
Previous Daily Low: 1.3594
Previous Weekly High: 1.4134
Previous Weekly Low: 1.3564
Previous Monthly High: 1.336
Previous Monthly Low: 1.3048
Previous Daily Fibonacci 38.2%: 1.3636
Previous Daily Fibonacci 61.8%: 1.362
Previous Daily Pivot Point S1: 1.3616
Previous Daily Pivot Point S2: 1.3572
Previous Daily Pivot Point S3: 1.3549
Previous Daily Pivot Point R1: 1.3683
Previous Daily Pivot Point R2: 1.3706
Previous Daily Pivot Point R3: 1.375
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