Home USD/CAD technical analysis: Greenback advancing to daily highs, testing 1.3158 resistance
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USD/CAD technical analysis: Greenback advancing to daily highs, testing 1.3158 resistance

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  • USD/CAD is trading at daily highs challenging 1.3158 resistance.
  • The levels to beat for buyers are at 1.3158 and 1.3180.
 

USD/CAD daily chart

 
USD/CAD is grinding up above the 1.3100 figure while trading below the main daily simple moving averages (DSMAs).  
 
 

USD/CAD 4-hour chart

 
 
USD/CAD is challenging the 1.3158 resistance and the 200 SMA. A break above the resistance level can lead to 1.3180, 1.3205 and 1.3232 resistances on the way up, according to the Technical Confluences Indicator.
 

 

USD/CAD 30-minute chart

 
 
USD/CAD is trading above the main SMAs suggesting bullish momentum in the near term. Immediate support can be seen at 1.3130 and 1.3110, according to the Technical Confluences Indicator.
 

Additional key levels

 

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