- 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