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USD/CAD sticking to highs above 1.3600 heading into 2019

  • Oil markets have hampered the CAD.
  • New Year's trading promises a rush of fresh liquidity in the latter half of the week.

USD/CAD is trading steadily near 1.3630 as traders buckle down for rollover into 2019 and Tuesday's market holiday, with broader market volumes grinding to a halt as investors set up for the second off-day this holiday season.

Crude oil continues to see play towards the downside, leaving the Canadian Loonie exposed to further downside, with the commodity-linked CAD giving up steady ground to the Greenback with the USD/CAD pairing climbing for three straight months.

The pair remains latched onto near-term highs, threatening to plug into the major 1.3700 handle and 2017's peak heading into the new year.

USD/CAD Technical Levels

USD/CAD

Overview:
    Today Last Price: 1.363
    Today Daily change: -30 pips
    Today Daily change %: -0.220%
    Today Daily Open: 1.366
Trends:
    Previous Daily SMA20: 1.3472
    Previous Daily SMA50: 1.3295
    Previous Daily SMA100: 1.3155
    Previous Daily SMA200: 1.306
Levels:
    Previous Daily High: 1.3662
    Previous Daily Low: 1.3594
    Previous Weekly High: 1.4134
    Previous Weekly Low: 1.3564
    Previous Monthly High: 1.336
    Previous Monthly Low: 1.3048
    Previous Daily Fibonacci 38.2%: 1.3636
    Previous Daily Fibonacci 61.8%: 1.362
    Previous Daily Pivot Point S1: 1.3616
    Previous Daily Pivot Point S2: 1.3572
    Previous Daily Pivot Point S3: 1.3549
    Previous Daily Pivot Point R1: 1.3683
    Previous Daily Pivot Point R2: 1.3706
    Previous Daily Pivot Point R3: 1.375

 

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