- USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart ahead of the FOMC this Thursday at 19.00 GMT.
- USD/CAD has found some support at the 1.3100 figure and the 100 SMA as the currency pair has been trading sideways in November. Bulls objective is to reach 1.3161 October 26 high.
- It will be interesting to see if bulls can extend the move beyond that point as the October wedge should cap any meaningful advances.
USD/CAD-hour chart
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Main trend: Bullish
Resistance 1: 1.3161 October 26 high
Resistance 2: 1.3200 figure
Resistance 3: 1.3300 figure
Support 1: 1.3108, September 7 low
Support 2: 1.3083 September 27 swing high
Support 3: 1.3053 October 15 high
Support 4: 1.3000 figure
Support 5: 1.2950-59 multi-month key level and August 7 low
Additional key levels at a glance:
USD/CAD
Overview:
Last Price: 1.3118
Daily change: 5.0 pips
Daily change: 0.0381%
Daily Open: 1.3113
Trends:
Daily SMA20: 1.3078
Daily SMA50: 1.3027
Daily SMA100: 1.3074
Daily SMA200: 1.2938
Levels:
Daily High: 1.316
Daily Low: 1.3056
Weekly High: 1.3172
Weekly Low: 1.3048
Monthly High: 1.3172
Monthly Low: 1.2783
Daily Fibonacci 38.2%: 1.3096
Daily Fibonacci 61.8%: 1.312
Daily Pivot Point S1: 1.306
Daily Pivot Point S2: 1.3006
Daily Pivot Point S3: 1.2956
Daily Pivot Point R1: 1.3163
Daily Pivot Point R2: 1.3213
Daily Pivot Point R3: 1.3266
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