Home USD/CAD Technical Analysis: Greenback bulls challenging 1.3200 figure at 2-month’s high
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USD/CAD Technical Analysis: Greenback bulls challenging 1.3200 figure at 2-month’s high

  • USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA).
  • USD/CAD rose to the 1.3200 figure as it is challenging the September highs. A break of the level can open the gates to 1.3300 figure.  
  • On the flip side, if bears take over a retest of 1.3161 (October 26 high) can be on the cards.  

USD/CAD- 4 hour chart

Main trend:                Bullish

Resistance 1:            1.3200 figure
Resistance 2:            1.3300 figure
Resistance 3:            1.3400 figure

Support 1:            1.3161 October 26 high
Support 2:            1.3108, September 7 low
Support 3:            1.3083 September 27 swing high
Support 4:            1.3053 October 15 high
Support 5:            1.3000 figure
Support 6:            1.2950-59 multi-month key level and August 7 low

 

Additional key levels at a glance:

USD/CAD

Overview:
       Last Price:  1.3196
       Daily change:  32  pips
       Daily change:  0.243%
       Daily Open:  1.3164
Trends:
       Daily SMA20:  1.3084
       Daily SMA50:  1.3032
       Daily SMA100:  1.3073
       Daily SMA200:  1.2942
Levels:
       Daily High:  1.3184
       Daily Low:  1.3088
       Weekly High:  1.3172
       Weekly Low:  1.3048
       Monthly High:  1.3172
       Monthly Low:  1.2783
       Daily Fibonacci 38.2%:  1.3147
       Daily Fibonacci 61.8%:  1.3125
       Daily Pivot Point S1:  1.3106
       Daily Pivot Point S2:  1.3048
       Daily Pivot Point S3:  1.3009
       Daily Pivot Point R1:  1.3203
       Daily Pivot Point R2:  1.3242
       Daily Pivot Point R3:  1.33

 

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