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  • 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