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   “¢   The pair built on the previous session’s strong rebound from near three-week low and continued gaining positive traction through the mid-European session on Tuesday.

   “¢   The fact that the pair managed to sustain above 100-day SMA was seen as a key trigger for bullish traders and follow-through strength beyond the 1.3200 handle.

   “¢   A subsequent up-move lifted the pair through over one-week-old descending trend-line resistance, with bulls now eyeing to extend the momentum beyond 200-hour SMA.

   “¢   The set-up points to some additional near-term gains, though traders are likely to wait for a decisive breakthrough 50% Fibo. level of the 1.3340-1.3113 recent downfall.  

USD/CAD 1-hourly chart


       Today Last Price:  1.322
       Today Daily change %:  0.20%
       Today Daily Open:  1.3194
       Daily SMA20:  1.3209
       Daily SMA50:  1.3341
       Daily SMA100:  1.3264
       Daily SMA200:  1.3159
       Previous Daily High:  1.3198
       Previous Daily Low:  1.3112
       Previous Weekly High:  1.3294
       Previous Weekly Low:  1.3134
       Previous Monthly High:  1.3664
       Previous Monthly Low:  1.3118
       Daily Fibonacci 38.2%:  1.3165
       Daily Fibonacci 61.8%:  1.3145
       Daily Pivot Point S1:  1.3138
       Daily Pivot Point S2:  1.3083
       Daily Pivot Point S3:  1.3053
       Daily Pivot Point R1:  1.3223
       Daily Pivot Point R2:  1.3253
       Daily Pivot Point R3:  1.3309