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  • USD/CAD is trading in a bull trend above the 200-period simple moving average.  
  • USD/CAD made a triple top just below 1.3053 October 15 high. The pattern might lead to a correction down to 1.3083 (September 27 swing high) and 1.3053 (October 15 high) if the pullback extends further.
  • As the market is bullish above its main simple moving avearges, a break of 1.3161 could lead to a bullish continuation to 1.3200 figure.  

USD/CAD 4-hour chart

Main trend:                Bullish

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:  1.3118
       Daily change:  -16  pips
       Daily change:  -0.122%
       Daily Open:  1.3134
Trends:
       Daily SMA20:  1.3014
       Daily SMA50:  1.3013
       Daily SMA100:  1.3073
       Daily SMA200:  1.2913
Levels:
       Daily High:  1.315
       Daily Low:  1.3082
       Weekly High:  1.316
       Weekly Low:  1.2968
       Monthly High:  1.3228
       Monthly Low:  1.2882
       Daily Fibonacci 38.2%:  1.3125
       Daily Fibonacci 61.8%:  1.3108
       Daily Pivot Point S1:  1.3094
       Daily Pivot Point S2:  1.3054
       Daily Pivot Point S3:  1.3026
       Daily Pivot Point R1:  1.3162
       Daily Pivot Point R2:  1.319
       Daily Pivot Point R3:  1.323