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

  • 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

 

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