Home USD/CAD Technical Analysis: Greenback dropping like a stone below 1.3100 against Canadian Dollar
FXStreet News

USD/CAD Technical Analysis: Greenback dropping like a stone below 1.3100 against Canadian Dollar

USD/CAD daily chart

  • USD/CAD is trading in a bear trend below the 50, 100 and 200-day simple moving averages (SMAs).

USD/CAD 4-hour chart

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

USD/CAD 30-minute chart

  • USD/CAD broke below the 1.3110 support as bears are trading below the main SMAs.  
  • Next week bears will likely set sail towards the 1.3030 level.
  • Resistance is seen at 1.3160 and 1.3180 level.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3085
       Today Daily change:  -54  pips
       Today Daily change %:  -0.41%
       Today Daily Open:  1.3139
Trends:
       Daily SMA20:  1.3272
       Daily SMA50:  1.3377
       Daily SMA100:  1.3218
       Daily SMA200:  1.3128
Levels:
       Previous Daily High:  1.3166
       Previous Daily Low:  1.312
       Previous Weekly High:  1.3378
       Previous Weekly Low:  1.3224
       Previous Monthly High:  1.3664
       Previous Monthly Low:  1.3118
       Daily Fibonacci 38.2%:  1.3138
       Daily Fibonacci 61.8%:  1.3149
       Daily Pivot Point S1:  1.3117
       Daily Pivot Point S2:  1.3096
       Daily Pivot Point S3:  1.3071
       Daily Pivot Point R1:  1.3163
       Daily Pivot Point R2:  1.3187
       Daily Pivot Point R3:  1.3209

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.