Home USD/CAD Technical Analysis: Greenback drops to 1.3250 level on Canadian data
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USD/CAD Technical Analysis: Greenback drops to 1.3250 level on Canadian data

USD/CAD daily chart

  • USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).  
  • In Canada, Net Change in Employment rose to 66.8K versus 8K expected in January, sending the CAD up.

USD/CAD 4-hour chart

  • USD/CAD is trading between the 100 and 200 SMAs suggesting sideways trading in the medium-term.

USD/CAD 30-minute chart

  • USD/CAD is trading below its main 50 and 100 SMAs suggesting a slow down in the bullish momentum.
  • Big bears came in the market and the drop is likely to extend to 1.3105 to the downside.
  • Resistance is seen at 1.3270 and 1.3300 figure.

Additional key levels

USD/CAD

Overview:
       Today Last Price:  1.3242
       Today Daily change:  -58  pips
       Today Daily change %:  -0.44%
       Today Daily Open:  1.33
Trends:
       Daily SMA20:  1.3243
       Daily SMA50:  1.3367
       Daily SMA100:  1.3227
       Daily SMA200:  1.3136
Levels:
       Previous Daily High:  1.3318
       Previous Daily Low:  1.3202
       Previous Weekly High:  1.3287
       Previous Weekly Low:  1.3069
       Previous Monthly High:  1.3664
       Previous Monthly Low:  1.3118
       Daily Fibonacci 38.2%:  1.3274
       Daily Fibonacci 61.8%:  1.3246
       Daily Pivot Point S1:  1.3228
       Daily Pivot Point S2:  1.3156
       Daily Pivot Point S3:  1.3111
       Daily Pivot Point R1:  1.3345
       Daily Pivot Point R2:  1.339
       Daily Pivot Point R3:  1.3462

 

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