“¢ The pair continued gaining positive traction for the fifth consecutive session on Monday and climbed to over one-week tops, levels just above the key 1.30 psychological mark.
“¢ The positive momentum stalled near a confluence hurdle, comprising of 200-period SMA on the 4-hourly chart and 50% Fibo. level of the 1.3227-1.2782 downfall.
“¢ The pull-back, however, might still be categorized as corrective in nature, especially after the recent upsurge of around 230-pips over the past six trading session.
“¢ Moreover, technical indicators on the mentioned chart continue to hold in positive territory and support prospects for an extension of the ongoing recovery move from over 4-month lows set last week.
USD/CAD 4-hourly chart-636746054881930364.png)
USD/CAD
Overview:
Last Price: 1.297
Daily change: 32 pips
Daily change: 0.247%
Daily Open: 1.2938
Trends:
Daily SMA20: 1.2964
Daily SMA50: 1.3017
Daily SMA100: 1.3053
Daily SMA200: 1.2869
Levels:
Daily High: 1.2956
Daily Low: 1.2888
Weekly High: 1.2956
Weekly Low: 1.278
Monthly High: 1.32
Monthly Low: 1.278
Daily Fibonacci 38.2%: 1.293
Daily Fibonacci 61.8%: 1.2914
Daily Pivot Point S1: 1.2898
Daily Pivot Point S2: 1.2859
Daily Pivot Point S3: 1.283
Daily Pivot Point R1: 1.2967
Daily Pivot Point R2: 1.2996
Daily Pivot Point R3: 1.3035
Share
