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   “¢   The pair’s Asian session recovery move faced rejection at 200-hour SMA, with surging oil prices exerting some additional downward pressure through the European session on Monday.

USD/CAD 1-hourly chart

   “¢   A decisive breakthrough 1-1/2-month-old ascending trend-channel and a subsequent fall below the 1.3200 handle as seen as a key trigger for bearish traders and a slide to 2-week lows.

Daily chart

   “¢   Technical indicators on hourly charts have been drifting into bearish territory and have also started losing positive momentum on the daily chart, pointing to an extension of the downfall.

   “¢   Hence, any attempted rebound seems more likely to confront some fresh supply near the ascending trend-channel support break-point, now turned resistance, currently near the 1.3225  region.

USD/CAD

Overview:
Today Last Price:  1.3193
Today Daily change:  -94  pips
Today Daily change %:  -0.707%
Today Daily Open:  1.3287
Trends:
Previous Daily SMA20:  1.3215
Previous Daily SMA50:  1.3095
Previous Daily SMA100:  1.3079
Previous Daily SMA200:  1.3001
Levels:
Previous Daily High:  1.3334
Previous Daily Low:  1.3272
Previous Weekly High:  1.336
Previous Weekly Low:  1.3187
Previous Monthly High:  1.336
Previous Monthly Low:  1.3048
Previous Daily Fibonacci 38.2%:  1.331
Previous Daily Fibonacci 61.8%:  1.3296
Previous Daily Pivot Point S1:  1.3262
Previous Daily Pivot Point S2:  1.3237
Previous Daily Pivot Point S3:  1.3201
Previous Daily Pivot Point R1:  1.3323
Previous Daily Pivot Point R2:  1.3359
Previous Daily Pivot Point R3:  1.3384