Home USD/CAD Technical Analysis: Greenback bears en route to 1.3200 figure ahead of the Fed
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USD/CAD Technical Analysis: Greenback bears en route to 1.3200 figure ahead of the Fed

USD/CAD daily  chart

  • USD/CAD is in a bull trend above the 100 and 200-day simple moving averages (SMAs).
  • The Fed’s Monetary Policy Statement at 19.00 GMT and the FOMC press conference this Wednesday can potentially provide some volatilty in the forex market.

USD/CAD 4-hour chart

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

USD/CAD 30-minute chart

  • USD/CAD bears broke below 1.3240 support and are now en route towards the 1.3200 figure.  
  • The bias is bearish and a break below 1.3200 could  open the gates to 1.3180 and 1.3110 levels.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3218
       Today Daily change:  -62  pips
       Today Daily change %:  -0.47%
       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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