Home USD/CAD technical analysis: Greenback rising to monthly highs against CAD, above
FXStreet News

USD/CAD technical analysis: Greenback rising to monthly highs against CAD, above

FX Street
Updated:
  • USD/CAD is rising to new monthly highs as the USD strengthens across the board.
  • The levels to beat for buyers are at 1.3158 and 1.3180.

USD/CAD daily chart

 
USD/CAD broke above the 1.3100 figure and to new monthly highs while trading below its main daily simple moving averages (DSMAs).  

USD/CAD 4-hour chart
 

USD/CAD is challenging the 1.3158 resistance and the 200 SMA. A break above the resistance level can lead to 1.3180, 1.3205 and 1.3232, according to the Technical Confluences Indicator.


USD/CAD 30-minute chart

 
USD/CAD is trading above its main SMAs suggesting bullish momentum in the near term. Immediate support is seen at 1.3130 and 1.3110, according to the Technical Confluences Indicator.


Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024