Home USD/CAD Technical Analysis: Greenback is getting smashed ahead of the FOMC minutes
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USD/CAD Technical Analysis: Greenback is getting smashed ahead of the FOMC minutes

USD/CAD daily chart

  • USD/CAD is trading in a bull trend above the 200 SMA.
  • USD/CAD is trading just above the 100 SMA.  
  • The FOMC minutes are scheduled at 19:00 GMT and they will likely provide high volatility in the forex market.

USD/CAD 4-hour chart

  • USD/CAD broke well below the 200 SMA.

USD/CAD 30-minute chart

  • USD/CAD decided to break down and test the 1.3173 support.  
  • Since the main trend is bullish, USD buyers should come back  with 1.3300 and 1.3360 as targets.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3221
       Today Daily change:  -56  pips
       Today Daily change %:  -0.422%
       Today Daily Open:  1.3277
Trends:
       Previous Daily SMA20:  1.3522
       Previous Daily SMA50:  1.3348
       Previous Daily SMA100:  1.3181
       Previous Daily SMA200:  1.308
Levels:
       Previous Daily High:  1.3324
       Previous Daily Low:  1.3268
       Previous Weekly High:  1.3666
       Previous Weekly Low:  1.338
       Previous Monthly High:  1.4134
       Previous Monthly Low:  1.316
       Previous Daily Fibonacci 38.2%:  1.3289
       Previous Daily Fibonacci 61.8%:  1.3302
       Previous Daily Pivot Point S1:  1.3255
       Previous Daily Pivot Point S2:  1.3233
       Previous Daily Pivot Point S3:  1.3199
       Previous Daily Pivot Point R1:  1.3311
       Previous Daily Pivot Point R2:  1.3345
       Previous Daily Pivot Point R3:  1.3367

 

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