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   “¢   The pair struggled to build on Friday’s post-NFP rebound from over one-week lows and faced rejection near 100-period SMA on the 1-hourly chart.

   “¢   A follow-through weakness below 200-hour SMA was seen as a key trigger for bearish traders and thus, increases prospects for an extension of the downside.

   “¢   Technical indicators on the mentioned chart have already drifted into bearish territory and further add credence to intraday negative/bearish outlook.

   “¢   A sustained break through the 1.3070-65 horizontal area now seems to turn the pair vulnerable to head back towards challenging the key 1.30 psychological mark.  
 

USD/CAD 1-hourly chart

USD/CAD

Overview:
       Last Price:  1.3083
       Daily change:  -29  pips
       Daily change:  -0.221%
       Daily Open:  1.3112
Trends:
       Daily SMA20:  1.3059
       Daily SMA50:  1.3019
       Daily SMA100:  1.3077
       Daily SMA200:  1.2926
Levels:
       Daily High:  1.312
       Daily Low:  1.3048
       Weekly High:  1.3172
       Weekly Low:  1.3048
       Monthly High:  1.3172
       Monthly Low:  1.2783
       Daily Fibonacci 38.2%:  1.3092
       Daily Fibonacci 61.8%:  1.3076
       Daily Pivot Point S1:  1.3067
       Daily Pivot Point S2:  1.3022
       Daily Pivot Point S3:  1.2996
       Daily Pivot Point R1:  1.3138
       Daily Pivot Point R2:  1.3164
       Daily Pivot Point R3:  1.3209