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USD/CAD Technical Analysis: Greenback at 2-week lows ahead of FOMC Minutes

USD/CAD daily chart

  • On the daily time-frame, USD/CAD is trading between the 100 and the 200-day simple moving averages.
  •  The FOMC Minutes at 19.00 GMT can potentially lead to high volatility in the financial markets and in USD-related pairs.  

USD/CAD 4-hour chart

  • USD/CAD is trading below the main SMAs suggesting bearish momentum in the medium-term.

USD/CAD 30-minute chart

  • USD/CAD is trading below its main SMAs suggesting a bear market in the short-term.
  • A break below 1.3160 support should lead to 1.3110 to the downside.
  • Resistance is seen at 1.3200 and 1.3240 level.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3166
       Today Daily change:  -46  pips
       Today Daily change %:  -0.35%
       Today Daily Open:  1.3212
Trends:
       Daily SMA20:  1.3231
       Daily SMA50:  1.3356
       Daily SMA100:  1.3253
       Daily SMA200:  1.3152
Levels:
       Previous Daily High:  1.3294
       Previous Daily Low:  1.3204
       Previous Weekly High:  1.3341
       Previous Weekly Low:  1.3196
       Previous Monthly High:  1.3664
       Previous Monthly Low:  1.3118
       Daily Fibonacci 38.2%:  1.3239
       Daily Fibonacci 61.8%:  1.326
       Daily Pivot Point S1:  1.3179
       Daily Pivot Point S2:  1.3147
       Daily Pivot Point S3:  1.3089
       Daily Pivot Point R1:  1.3269
       Daily Pivot Point R2:  1.3327
       Daily Pivot Point R3:  1.3359

 

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