USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart. USD/CAD created a wedge pattern in October and the market is having trouble to continue the uptrend since the start of November. 1.3150 should cap any bullish advances. The RSI, MACD and Stochastic are turning bearish. Targets to the downside can be located near 1.3083 (September 27 swing high) and 1.3053 (October 15 high). USD/CAD-hour chart Main trend: Bullish Short-term trend: Bearish 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: 1.3109 Daily change: -17 pips Daily change: -0.130% Daily Open: 1.3126 Trends: Daily SMA20: 1.3075 Daily SMA50: 1.3024 Daily SMA100: 1.3076 Daily SMA200: 1.2934 Levels: Daily High: 1.3146 Daily Low: 1.3096 Weekly High: 1.3172 Weekly Low: 1.3048 Monthly High: 1.3172 Monthly Low: 1.2783 Daily Fibonacci 38.2%: 1.3126 Daily Fibonacci 61.8%: 1.3115 Daily Pivot Point S1: 1.3099 Daily Pivot Point S2: 1.3072 Daily Pivot Point S3: 1.3049 Daily Pivot Point R1: 1.3149 Daily Pivot Point R2: 1.3172 Daily Pivot Point R3: 1.3199 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. View All Post By FX Street FXStreet News share Read Next US Macro: What the midterms mean for growth, the Fed, and markets – ABN FX Street 4 years USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart. USD/CAD created a wedge pattern in October and the market is having trouble to continue the uptrend since the start of November. 1.3150 should cap any bullish advances. The RSI, MACD and Stochastic are turning bearish. Targets to the downside can be located near 1.3083 (September 27 swing high) and 1.3053 (October 15 high). USD/CAD-hour chart Main trend: Bullish Short-term trend: Bearish Resistance 1: 1.3161… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
