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USD/CAD Technical Analysis: Greenback is getting smashed ahead of the FOMC minutes

USD/CAD daily chart

  • USD/CAD is trading in a bull trend above the 200 SMA.
  • USD/CAD is trading just above the 100 SMA. 
  • The FOMC minutes are scheduled at 19:00 GMT and they will likely provide high volatility in the forex market.

USD/CAD 4-hour chart

  • USD/CAD broke well below the 200 SMA.

USD/CAD 30-minute chart

  • USD/CAD decided to break down and test the 1.3173 support. 
  • Since the main trend is bullish, USD buyers should come back with 1.3300 and 1.3360 as targets.

Additional key levels


    Today Last Price: 1.3221
    Today Daily change: -56 pips
    Today Daily change %: -0.422%
    Today Daily Open: 1.3277
    Previous Daily SMA20: 1.3522
    Previous Daily SMA50: 1.3348
    Previous Daily SMA100: 1.3181
    Previous Daily SMA200: 1.308
    Previous Daily High: 1.3324
    Previous Daily Low: 1.3268
    Previous Weekly High: 1.3666
    Previous Weekly Low: 1.338
    Previous Monthly High: 1.4134
    Previous Monthly Low: 1.316
    Previous Daily Fibonacci 38.2%: 1.3289
    Previous Daily Fibonacci 61.8%: 1.3302
    Previous Daily Pivot Point S1: 1.3255
    Previous Daily Pivot Point S2: 1.3233
    Previous Daily Pivot Point S3: 1.3199
    Previous Daily Pivot Point R1: 1.3311
    Previous Daily Pivot Point R2: 1.3345
    Previous Daily Pivot Point R3: 1.3367


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