Home USD/CAD Technical Analysis: Set-up points to extension of intraday rejection slide from 100-hour SMA
FXStreet News

USD/CAD Technical Analysis: Set-up points to extension of intraday rejection slide from 100-hour SMA

   “¢   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

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.