Home USD/CAD Technical Analysis: Greenback about to enter a bear trend against CAD post-Fed
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USD/CAD Technical Analysis: Greenback about to enter a bear trend against CAD post-Fed

USD/CAD daily chart

  • USD/CAD is challenging the 200-day simple moving averages (SMAs).  A break below the 200 SMA would be considered a bearish shift in the USD/CAD trend.
  • FOMC keeps the target for fed funds rate unchanged at 2.25% – 2.5% range.
  • As discussed, USD/CAD is now a few pips away from the 1.3110 target.

USD/CAD 4-hour chart

  • USD/CAD is trading below its main SMAs suggesting a bearish bias also in the medium-term.  

USD/CAD 30-minute chart

  • A break below 1.3110 support should lead to a drop to 1.3030 level.
  • Key resistance is seen at 1.3180.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3126
       Today Daily change:  -154  pips
       Today Daily change %:  -1.16%
       Today Daily Open:  1.328
Trends:
       Daily SMA20:  1.3311
       Daily SMA50:  1.338
       Daily SMA100:  1.3215
       Daily SMA200:  1.3125
Levels:
       Previous Daily High:  1.3287
       Previous Daily Low:  1.324
       Previous Weekly High:  1.3378
       Previous Weekly Low:  1.3224
       Previous Monthly High:  1.4134
       Previous Monthly Low:  1.316
       Daily Fibonacci 38.2%:  1.3269
       Daily Fibonacci 61.8%:  1.3258
       Daily Pivot Point S1:  1.3251
       Daily Pivot Point S2:  1.3222
       Daily Pivot Point S3:  1.3205
       Daily Pivot Point R1:  1.3298
       Daily Pivot Point R2:  1.3315
       Daily Pivot Point R3:  1.3344

 

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