USD/CAD Technical Analysis: Immediate descending trendline keeps dragging the quote toward 1.3235/40

0
  • USD/CAD presently trades near 1.3310 during early Friday.
  • Ever since the quote reversed from 1.3465/70 late last week, it follows a downward sloping trend-line, at 1.3360 now.
  • Unless the pair breaks 1.3360, sellers can aim for 1.3285 and 1.3240/35 area that includes February-end highs.
  • Given the bears’ refrain from respecting 1.3235, 1.3180, 1.3150 and 1.3110 could appear on their radar to target.
  • If at all prices break 1.3360 upside barrier, buyers can aim for 1.3390 ahead of confronting the 1.3465/70 region for one more time.
  • Additionally, 1.3500, 1.3550 and 1.3575 are likely following numbers that can please bulls past-1.3470.

USD/CAD 4-Hour chart

USD/CAD

Overview:
    Today Last Price: 1.3309
    Today Daily change: -0.0025 pips
    Today Daily change %: -0.19%
    Today Daily Open: 1.3334
Trends:
    Daily SMA20: 1.3278
    Daily SMA50: 1.3264
    Daily SMA100: 1.33
    Daily SMA200: 1.3185
Levels:
    Previous Daily High: 1.3349
    Previous Daily Low: 1.3287
    Previous Weekly High: 1.3469
    Previous Weekly Low: 1.3275
    Previous Monthly High: 1.3341
    Previous Monthly Low: 1.3069
    Daily Fibonacci 38.2%: 1.3325
    Daily Fibonacci 61.8%: 1.331
    Daily Pivot Point S1: 1.3298
    Daily Pivot Point S2: 1.3261
    Daily Pivot Point S3: 1.3236
    Daily Pivot Point R1: 1.336
    Daily Pivot Point R2: 1.3385
    Daily Pivot Point R3: 1.3422

 

Get the 5 most predictable currency pairs

About Author