Search ForexCrunch
  • USD/CAD is on bids around 1.3400 during early Tuesday.
  • The quote has been struggling between the 1.3390 support and a downward sloping trend-line, at 1.3415 now, forming part of the short-term descending triangle.
  • Hence, buyers need to overcome 1.3415 resistance in order to aim for 1.3445 and then escalate the recovery towards the present month high near 1.3470.
  • If bulls dominate after 1.3470, 61.8% Fibonacci expansion (FE) level of latest moves surrounding 1.3500 can become their favorite.
  • On the downside, pair’s decline beneath 1.3390 support-line may not hesitate to drag it to 1.3350 and 38.2% Fibonacci retracement of late-February to March advances, at 1.3320.
  • Additionally, pair’s weakness under 1.3320 can avail 1.3300 and 1.3275 as follow-on rests during the further downturn.

USD/CAD hourly chart

USD/CAD

Overview:
       Today Last Price:  1.3393
       Today Daily change:  -0.0001  pips
       Today Daily change %:  -0.01%
       Today Daily Open:  1.3394
Trends:
       Daily SMA20:  1.3268
       Daily SMA50:  1.3278
       Daily SMA100:  1.3292
       Daily SMA200:  1.3179
Levels:
       Previous Daily High:  1.344
       Previous Daily Low:  1.3392
       Previous Weekly High:  1.3469
       Previous Weekly Low:  1.3275
       Previous Monthly High:  1.3341
       Previous Monthly Low:  1.3069
       Daily Fibonacci 38.2%:  1.3411
       Daily Fibonacci 61.8%:  1.3422
       Daily Pivot Point S1:  1.3377
       Daily Pivot Point S2:  1.3361
       Daily Pivot Point S3:  1.3329
       Daily Pivot Point R1:  1.3425
       Daily Pivot Point R2:  1.3457
       Daily Pivot Point R3:  1.3473