Home USD/CAD Technical Analysis: Bearish RSI divergence is hinting at pullback
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USD/CAD Technical Analysis: Bearish RSI divergence is hinting at pullback

  • The USD/CAD is currently flat-lined around 1.3252 but may soon report losses as the as the relative strength index (RSI) on the 15-min chart has rolled over from the overbought territory, having charted bearish divergence earlier today.
  • The pair has also breached the ascending trendline on the 15-minute chart.
  • As a result, the ascending 100-candle EMA, currently at 1.3239, could be put to test in the next few hours.
  • The bearish view, however, would be negated if yesterday’s high of 1.3265 is scaled.

15-minute chart

Trend: Bearish

USD/CAD

Overview:
       Today Last Price:  1.3253
       Today Daily change:  -3.0  pips
       Today Daily change %:  -0.0226%
       Today Daily Open:  1.3256
Trends:
       Previous Daily SMA20:  1.3182
       Previous Daily SMA50:  1.3067
       Previous Daily SMA100:  1.3073
       Previous Daily SMA200:  1.2986
Levels:
       Previous Daily High:  1.3258
       Previous Daily Low:  1.3187
       Previous Weekly High:  1.332
       Previous Weekly Low:  1.3142
       Previous Monthly High:  1.3172
       Previous Monthly Low:  1.2783
       Previous Daily Fibonacci 38.2%:  1.3231
       Previous Daily Fibonacci 61.8%:  1.3214
       Previous Daily Pivot Point S1:  1.321
       Previous Daily Pivot Point S2:  1.3163
       Previous Daily Pivot Point S3:  1.3139
       Previous Daily Pivot Point R1:  1.328
       Previous Daily Pivot Point R2:  1.3304
       Previous Daily Pivot Point R3:  1.3351

 

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