USD/CAD Technical Analysis: Greenback bears en route to 1.3200 figure ahead of the Fed
USD/CAD daily chart
- USD/CAD is in a bull trend above the 100 and 200-day simple moving averages (SMAs).
- The Fed's Monetary Policy Statement at 19.00 GMT and the FOMC press conference this Wednesday can potentially provide some volatilty in the forex market.
USD/CAD 4-hour chart
- USD/CAD is trading below its main SMAs suggesting a bearish bias in the medium-term.
USD/CAD 30-minute chart
- USD/CAD bears broke below 1.3240 support and are now en route towards the 1.3200 figure.
- The bias is bearish and a break below 1.3200 could open the gates to 1.3180 and 1.3110 levels.
Additional key levels
USD/CAD
Overview:
Today Last Price: 1.3218
Today Daily change: -62 pips
Today Daily change %: -0.47%
Today Daily Open: 1.328
Trends:
Daily SMA20: 1.3311
Daily SMA50: 1.338
Daily SMA100: 1.3215
Daily SMA200: 1.3125
Levels:
Previous Daily High: 1.3287
Previous Daily Low: 1.324
Previous Weekly High: 1.3378
Previous Weekly Low: 1.3224
Previous Monthly High: 1.4134
Previous Monthly Low: 1.316
Daily Fibonacci 38.2%: 1.3269
Daily Fibonacci 61.8%: 1.3258
Daily Pivot Point S1: 1.3251
Daily Pivot Point S2: 1.3222
Daily Pivot Point S3: 1.3205
Daily Pivot Point R1: 1.3298
Daily Pivot Point R2: 1.3315
Daily Pivot Point R3: 1.3344