USD/CAD Technical Analysis: Greenback bulls eyeing the 1.3360 resistance post-Canadian Retail Sales

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USD/CAD daily chart 

  • USD/CAD is trading in a bull trend above the 100 and 200-day simple moving averages (SMAs).
  • The USD bulls are challenging the 50 SMA. 
  • Canada Retail sales declined 0.9% in November vs -0.6% expected.

USD/CAD 4-hour chart

  • USD/CAD is trading above the 50 SMA and the 1.3300 figure.
  • USD/CAD found resistance near the 100 SMA. 

USD/CAD 30-minute chart

  • USD/CAD is trading above its main SMAs suggesting bullish momentum. 
  • USD bulls are looking at the 1.3360 resistance followed by 1.3385 on a potential break of 1.3360. 
  • Support lies at 1.3320, 1.3000 and 1.3280. 

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3333
    Today Daily change: -22 pips
    Today Daily change %: -0.16%
    Today Daily Open: 1.3355
Trends:
    Daily SMA20: 1.3395
    Daily SMA50: 1.3372
    Daily SMA100: 1.3208
    Daily SMA200: 1.3108
Levels:
    Previous Daily High: 1.3358
    Previous Daily Low: 1.329
    Previous Weekly High: 1.332
    Previous Weekly Low: 1.3226
    Previous Monthly High: 1.4134
    Previous Monthly Low: 1.316
    Daily Fibonacci 38.2%: 1.3333
    Daily Fibonacci 61.8%: 1.3316
    Daily Pivot Point S1: 1.3311
    Daily Pivot Point S2: 1.3267
    Daily Pivot Point S3: 1.3243
    Daily Pivot Point R1: 1.3379
    Daily Pivot Point R2: 1.3403
    Daily Pivot Point R3: 1.3447

 

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