USD/CAD Technical Analysis: Greenback bulls riding the euphoria above 1.3250 level

USD/CAD 4-hour chart

  • USD/CAD is trading in a bull trend above the 200-period simple moving average.
  • USD/CAD bulls are trying to break above 1.3250 but the market is overbought and trapped in a rising wedge.
  • Any further advances are likely to be sold into. Initial targets for bears is the 1.3200 figure. 

 

Additional key levels at a glance: 

USD/CAD

Overview:
    Last Price: 1.325
    Daily change: 8.0 pips
    Daily change: 0.0604%
    Daily Open: 1.3242
Trends:
    Daily SMA20: 1.3121
    Daily SMA50: 1.3044
    Daily SMA100: 1.3071
    Daily SMA200: 1.2956
Levels:
    Daily High: 1.3264
    Daily Low: 1.3214
    Weekly High: 1.3233
    Weekly Low: 1.3056
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3234
    Daily Fibonacci 61.8%: 1.3245
    Daily Pivot Point S1: 1.3216
    Daily Pivot Point S2: 1.319
    Daily Pivot Point S3: 1.3166
    Daily Pivot Point R1: 1.3266
    Daily Pivot Point R2: 1.329
    Daily Pivot Point R3: 1.3316

 

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