- USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart.
- USD/CAD is evolving in a monthly wedge. Chances are that bulls will not be able to break and close above 1.3150 as the Stochastic is already in overbought territories.
- Targets to the downside are likely located near 1.3108 (September 7 low), 1.3083 (September 27 swing high) and 1.3053 (October 15 high).
USD/CAD 4-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: 1.313
Daily change: 25 pips
Daily change: 0.191%
Daily Open: 1.3105
Trends:
Daily SMA20: 1.3066
Daily SMA50: 1.302
Daily SMA100: 1.3077
Daily SMA200: 1.293
Levels:
Daily High: 1.3118
Daily Low: 1.3071
Weekly High: 1.3172
Weekly Low: 1.3048
Monthly High: 1.3172
Monthly Low: 1.2783
Daily Fibonacci 38.2%: 1.31
Daily Fibonacci 61.8%: 1.3089
Daily Pivot Point S1: 1.3078
Daily Pivot Point S2: 1.3051
Daily Pivot Point S3: 1.3032
Daily Pivot Point R1: 1.3124
Daily Pivot Point R2: 1.3144
Daily Pivot Point R3: 1.3171