Home USD/CAD Technical Analysis: Greenback bulls keep the market near 1.3200 against the Canadian Dollar
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USD/CAD Technical Analysis: Greenback bulls keep the market near 1.3200 against the Canadian Dollar

  • USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA).
  • USD/CAD are working at keeping the market near  the 1.3200 level. The momentum is bullish and the next objective is to retake 1.3214 (November 9 high) to go to 1.3300 figure.  
  • Alternatively, failures below 1.3214 can lead to a pullback down to 1.3161 (October 26 high).  

USD/CAD 4-hour chart

Main trend:                Bullish

Resistance 1:            1.3214 November 9 high
Resistance 2:            1.3300 figure
Resistance 3:            1.3400 figure

Support 1:            1.3200 figure
Support 2:            1.3161 October 26 high
Support 3:            1.3108, September 7 low
Support 4:            1.3083 September 27 swing high
Support 5:            1.3053 October 15 high
Support 6:            1.3000 figure
Support 7:            1.2950-59 multi-month key level and August 7 low

 

Additional key levels at a glance:

USD/CAD

Overview:
       Last Price:  1.3199
       Daily change:  -5.0  pips
       Daily change:  -0.0379%
       Daily Open:  1.3204
Trends:
       Daily SMA20:  1.3093
       Daily SMA50:  1.3037
       Daily SMA100:  1.3071
       Daily SMA200:  1.2946
Levels:
       Daily High:  1.3233
       Daily Low:  1.3138
       Weekly High:  1.3233
       Weekly Low:  1.3056
       Monthly High:  1.3172
       Monthly Low:  1.2783
       Daily Fibonacci 38.2%:  1.3197
       Daily Fibonacci 61.8%:  1.3174
       Daily Pivot Point S1:  1.315
       Daily Pivot Point S2:  1.3096
       Daily Pivot Point S3:  1.3054
       Daily Pivot Point R1:  1.3245
       Daily Pivot Point R2:  1.3287
       Daily Pivot Point R3:  1.3341

 

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