“¢ The pair caught some aggressive bids on Wednesday and rallied to one-week tops, albeit struggled to build on the momentum further beyond 100-day SMA barrier.
“¢ Upbeat Canadian building permits data prompted some additional long-unwinding trade in the last hour amid slightly overbought conditions on the 1-hourly chart.
“¢ However, a strong follow-through USD buying interest, coupled with weaker oil prices might limit any subsequent slide below 200-hour SMA, at least for the time being.
“¢ Moreover, oscillators on the 4-hourly chart continue to hold in the bullish territory and support prospects for some dip-buying interest to emerge at lower levels.
USD/CAD 1-hourly chart
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USD/CAD
Overview:
Today Last Price: 1.3178
Today Daily change %: 0.35%
Today Daily Open: 1.3132
Trends:
Daily SMA20: 1.324
Daily SMA50: 1.3368
Daily SMA100: 1.3221
Daily SMA200: 1.3132
Levels:
Previous Daily High: 1.3154
Previous Daily Low: 1.3101
Previous Weekly High: 1.3287
Previous Weekly Low: 1.3069
Previous Monthly High: 1.3664
Previous Monthly Low: 1.3118
Daily Fibonacci 38.2%: 1.3133
Daily Fibonacci 61.8%: 1.3121
Daily Pivot Point S1: 1.3104
Daily Pivot Point S2: 1.3076
Daily Pivot Point S3: 1.3052
Daily Pivot Point R1: 1.3157
Daily Pivot Point R2: 1.3181
Daily Pivot Point R3: 1.3209
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