USD/CAD Technical Analysis: Immediate descending trendline drags the quote toward 1.3235/40
- USD/CAD presently trades near 1.3310 during early Friday.
- Ever since the quote reversed from 1.3465/70 late last week, it follows a downward sloping trend-line, at 1.3360 now.
- Unless the pair breaks 1.3360, sellers can aim for 1.3285 and 1.3240/35 area that includes February-end highs.
- Given the bears’ refrain from respecting 1.3235, 1.3180, 1.3150 and 1.3110 could appear on their radar to target.
- If at all prices break 1.3360 upside barrier, buyers can aim for 1.3390 ahead of confronting the 1.3465/70 region for one more time.
- Additionally, 1.3500, 1.3550 and 1.3575 are likely following numbers that can please bulls past-1.3470.
USD/CAD 4-Hour chart
Additional important levels:
Overview:
Today Last Price: 1.3309
Today Daily change: -25 pips
Today Daily change %: -0.19%
Today Daily Open: 1.3334
Trends:
Daily SMA20: 1.3278
Daily SMA50: 1.3264
Daily SMA100: 1.33
Daily SMA200: 1.3185
Levels:
Previous Daily High: 1.3349
Previous Daily Low: 1.3287
Previous Weekly High: 1.3469
Previous Weekly Low: 1.3275
Previous Monthly High: 1.3341
Previous Monthly Low: 1.3069
Daily Fibonacci 38.2%: 1.3325
Daily Fibonacci 61.8%: 1.331
Daily Pivot Point S1: 1.3298
Daily Pivot Point S2: 1.3261
Daily Pivot Point S3: 1.3236
Daily Pivot Point R1: 1.336
Daily Pivot Point R2: 1.3385
Daily Pivot Point R3: 1.3422