USD/CAD Technical Analysis: Greenback bulls trying to reclaim the 1.3100 handle

  • USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) on the 4-hour chart. 
  • USD/CAD bulls are trying to retake the 1.3100 figure. The move up might be limited as the SMAs are flattening and the technical indicators are decelerating. 
  • Targets to the downside are likely located near 1.3053 (October 15 high) and 1.3000 figure. 

USD/CAD 4-hour chart

Main trend:                Bullish
Short-term trend:        Bearish


Resistance 1:            1.3108, September 7 low
Resistance 2:            1.3161 October 26 high
Resistance 3:            1.3200 figure
Resistance 4:            1.3300 figure

Support 1:            1.3083 September 27 swing high
Support 2:            1.3053 October 15 high
Support 3:            1.3000 figure
Support 4:            1.2950-59 multi-month key level and August 7 low

 

Additional key levels at a glance:

USD/CAD

Overview:
    Last Price: 1.3112
    Daily change: 26 pips
    Daily change: 0.199%
    Daily Open: 1.3086
Trends:
    Daily SMA20: 1.3051
    Daily SMA50: 1.3018
    Daily SMA100: 1.3077
    Daily SMA200: 1.2923
Levels:
    Daily High: 1.317
    Daily Low: 1.3068
    Weekly High: 1.316
    Weekly Low: 1.2968
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3107
    Daily Fibonacci 61.8%: 1.3132
    Daily Pivot Point S1: 1.3046
    Daily Pivot Point S2: 1.3006
    Daily Pivot Point S3: 1.2944
    Daily Pivot Point R1: 1.3148
    Daily Pivot Point R2: 1.321
    Daily Pivot Point R3: 1.325

 

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