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  • USD/CAD is trading in a bull trend above its 200-period simple moving average on the 4-hour chart.  
  • USD/CAD has formed a monthly wedge throughout the month of October. The main bias is bullish and traders will be looking for a breakout of 1.3161 (October 26 high).  
  • Alternatively, a break below 1.3083 (September 27 swing high) could be the start of a bearish pullback down to 1.3000 figure.

USD/CAD 4-hour chart

Main trend:                Bullish

Resistance 1:            1.3161 October 26 high
Resistance 2:            1.3200 figure
Resistance 3:            1.3300 figure

Support 1:            1.3108, September 7 low
Support 2:            1.3083 September 27 swing high
Support 3:            1.3053 October 15 high
Support 4:            1.3000 figure
Support 5:            1.2950-59 multi-month key level and August 7 low

 

Additional key levels at a glance:
 

USD/CAD

Overview:
       Last Price:  1.3133
       Daily change:  23  pips
       Daily change:  0.175%
       Daily Open:  1.311
Trends:
       Daily SMA20:  1.3028
       Daily SMA50:  1.3014
       Daily SMA100:  1.3075
       Daily SMA200:  1.2916
Levels:
       Daily High:  1.315
       Daily Low:  1.31
       Weekly High:  1.316
       Weekly Low:  1.2968
       Monthly High:  1.3228
       Monthly Low:  1.2882
       Daily Fibonacci 38.2%:  1.3119
       Daily Fibonacci 61.8%:  1.3131
       Daily Pivot Point S1:  1.309
       Daily Pivot Point S2:  1.3071
       Daily Pivot Point S3:  1.3041
       Daily Pivot Point R1:  1.3139
       Daily Pivot Point R2:  1.3169
       Daily Pivot Point R3:  1.3188