Home USD/CAD Technical Analysis: Greenback surges past 1.3160 level post-FOMC
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USD/CAD Technical Analysis: Greenback surges past 1.3160 level post-FOMC

  • USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) following the FOMC statement.  
  • USD/CAD jumped almost a 100 pips following the FOMC statement and broke to a new monthly high.  
  • USD/CAD is now less than 30 pips away from the 1.3200 level and there seems to be little in the way for the level to be reached.  

USD/CAD-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:  1.3182
       Daily change:  69  pips
       Daily change:  0.526%
       Daily Open:  1.3113
Trends:
       Daily SMA20:  1.3078
       Daily SMA50:  1.3027
       Daily SMA100:  1.3074
       Daily SMA200:  1.2938
Levels:
       Daily High:  1.316
       Daily Low:  1.3056
       Weekly High:  1.3172
       Weekly Low:  1.3048
       Monthly High:  1.3172
       Monthly Low:  1.2783
       Daily Fibonacci 38.2%:  1.3096
       Daily Fibonacci 61.8%:  1.312
       Daily Pivot Point S1:  1.306
       Daily Pivot Point S2:  1.3006
       Daily Pivot Point S3:  1.2956
       Daily Pivot Point R1:  1.3163
       Daily Pivot Point R2:  1.3213
       Daily Pivot Point R3:  1.3266

 

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