- 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
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