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  • 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