Home USD/CAD Technical Analysis: Forming a holding pattern at the top just south of 1.3600
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USD/CAD Technical Analysis: Forming a holding pattern at the top just south of 1.3600

  • The Dollar-Loonie pairing caught some lift from the bottom in early Thursday action, rising from 1.3566 to clip just shy of 1.3600, and the pair is beginning to run in the middle again as the intraday runs out of steam.

USD/CAD, 5-Minute

  • The USD struck a new near-term high against the Loonie this week, and is setting up for a sideways holding pattern near the high side as the Greenback maintains its market position.

USD/CAD, 30-Minute

  • The past two months have seen the CAD give up ground to the US Dollar in one-way action, but the overextended chart pattern is likely to see buyers holding back as they wait for a pullback into the 1.3300 zone before reloading long positions on USD/CAD.

USD/CAD, 4-Hour

USD/CAD

Overview:
       Today Last Price:  1.3592
       Today Daily change:  22  pips
       Today Daily change %:  0.162%
       Today Daily Open:  1.357
Trends:
       Previous Daily SMA20:  1.3436
       Previous Daily SMA50:  1.3273
       Previous Daily SMA100:  1.3143
       Previous Daily SMA200:  1.3054
Levels:
       Previous Daily High:  1.4134
       Previous Daily Low:  1.3568
       Previous Weekly High:  1.3602
       Previous Weekly Low:  1.3372
       Previous Monthly High:  1.336
       Previous Monthly Low:  1.3048
       Previous Daily Fibonacci 38.2%:  1.3784
       Previous Daily Fibonacci 61.8%:  1.3918
       Previous Daily Pivot Point S1:  1.3381
       Previous Daily Pivot Point S2:  1.3192
       Previous Daily Pivot Point S3:  1.2816
       Previous Daily Pivot Point R1:  1.3946
       Previous Daily Pivot Point R2:  1.4322
       Previous Daily Pivot Point R3:  1.4511

 

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