Home USD/CAD technical analysis: Greenback challenging last week highs near 1.3270 level
FXStreet News

USD/CAD technical analysis: Greenback challenging last week highs near 1.3270 level

FX Street
Published date:
  • As the market mood improves, the greenback is recovering across the board this Tuesday.
  • The levels to beat for bulls are the 1.3270 level, followed by 1.3300 and 1.3320 resistance.  

 

USD/CAD daily chart

 
USD/CAD is grinding up above the 1.3200 level and the 50-day simple moving averages (DSMA) suggesting a correction up towards the 1.3300 figure.
 
 

USD/CAD 4-hour chart

 
 
The market is trading above its main SMAs, suggesting a bullish momentum in the medium term. A break above 1.3270 can lead to 1.3300, 1.3320 and potentially 1.3345 on the way up, according to the Technical Confluences Indicator.
 
 

USD/CAD 30-minute chart

 
 
USD/CAD is challenging last week high while trading above its main SMAs. Immediate support is seen at 1.3230 and the 1.3200 figure, according to the Technical Confluences Indicator.
 
 
 

Additional key levels

 

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026