OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CAD Technical Analysis: Greenback bulls losing the grip on the 1.3600 figure

USD/CAD daily chart

  • USD/CAD is trading in a bull trend above the 50, 100 and 200-period simple moving average (SMAs).
  • USD/CAD is testing the May 2017 highs.

USD/CAD 4-hour chart

  • USD/CAD is pulling back to the 50 SMA. 

USD/CAD 30-minute chart

  • USD/CAD broke below the 50, 100 and 200 SMAs. 
  • A sustained break below 1.3580 can lead to a bearish continuation to the 1.3540 level.
  • The 1.3600 figure should act as resistance in the short-term.

Additional key levels:

USD/CAD

Overview:
    Today Last Price: 1.3577
    Today Daily change: -63 pips
    Today Daily change %: -0.462%
    Today Daily Open: 1.364
Trends:
    Previous Daily SMA20: 1.3513
    Previous Daily SMA50: 1.3317
    Previous Daily SMA100: 1.3166
    Previous Daily SMA200: 1.3067
Levels:
    Previous Daily High: 1.3658
    Previous Daily Low: 1.3422
    Previous Weekly High: 1.4134
    Previous Weekly Low: 1.3564
    Previous Monthly High: 1.4134
    Previous Monthly Low: 1.316
    Previous Daily Fibonacci 38.2%: 1.3512
    Previous Daily Fibonacci 61.8%: 1.3568
    Previous Daily Pivot Point S1: 1.3489
    Previous Daily Pivot Point S2: 1.3337
    Previous Daily Pivot Point S3: 1.3252
    Previous Daily Pivot Point R1: 1.3725
    Previous Daily Pivot Point R2: 1.381
    Previous Daily Pivot Point R3: 1.3962

 

GBP/USD slumps below 1.26 as USD preserves strength

After posting weekly gains in the last two weeks of the year, it took a single day for the GBP/USD to erase all these winnings on Wednesday. The pair
Read more Previous

AUD/USD: Risks weighing on the downside and price extends 35-month low

AUD/USD has been offered into the New Year, continuing within the longer term and shorter term bearish channels which are taking on a 35-month low as
Read more Next
Start livechat