Home USD/CAD Technical Analysis: Bulls challenging the monthly high near 1.3150 level
FXStreet News

USD/CAD Technical Analysis: Bulls challenging the monthly high near 1.3150 level

  • USD/CAD is trading in a bull trend above the 200-period simple moving average.  
  • USD/CAD is testing last week high near the 1.3161 level. The market is trading all its main simple moving averages as technical indicators are in bullish mode. A break above 1.3161 is needed for the continuation of the bull trend with potential targets at 1.3200 and 1.3300 figure.
  • A bear breakout below  1.3053 (October 15 high) would be a warning signal for bulls.  

USD/CAD 4-hour chart

Main trend:                Bullish

Resistance 1:            1.3161 October 26 high
Resistance 2:            1.3200 figure
Resistance 3:            1.3300 figure

Support 1:            1.3108, September 7 low
Support 2:            1.3083 September 27 swing high
Support 3:            1.3053 October 15 high
Support 4:            1.3000 figure
Support 5:            1.2950-59 multi-month key level and August 7 low

 

Additional key levels at a glance

USD/CAD

Overview:
       Last Price:  1.3148
       Daily change:  46  pips
       Daily change:  0.351%
       Daily Open:  1.3102
Trends:
       Daily SMA20:  1.2998
       Daily SMA50:  1.3011
       Daily SMA100:  1.3071
       Daily SMA200:  1.2909
Levels:
       Daily High:  1.316
       Daily Low:  1.3069
       Weekly High:  1.316
       Weekly Low:  1.2968
       Monthly High:  1.3228
       Monthly Low:  1.2882
       Daily Fibonacci 38.2%:  1.3126
       Daily Fibonacci 61.8%:  1.3104
       Daily Pivot Point S1:  1.306
       Daily Pivot Point S2:  1.3019
       Daily Pivot Point S3:  1.2969
       Daily Pivot Point R1:  1.3152
       Daily Pivot Point R2:  1.3202
       Daily Pivot Point R3:  1.3243

 

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.