USD/CAD Technical Analysis: Greenback bulls break above the 1.3200 handle as the market reaches levels not seen since July
- USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA).
- USD/CAD bull broke above 1.3200 figure opening the gates to 1.3300 figure.
- A break back below 1.3150 on a daily closing basis would be seen as negative for bulls.
USD/CAD 4-hour chart
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Main trend: Bullish
Resistance 1: 1.3300 figure
Resistance 2: 1.3400 figure
Resistance 3: 1.3500 figure
Support 1: 1.3200 figure
Support 2: 1.3161 October 26 high
Support 3: 1.3108, September 7 low
Support 4: 1.3083 September 27 swing high
Support 5: 1.3053 October 15 high
Support 6: 1.3000 figure
Support 7: 1.2950-59 multi-month key level and August 7 low
Additional key levels at a glance:
USD/CAD
Overview:
Last Price: 1.3231
Daily change: 67 pips
Daily change: 0.509%
Daily Open: 1.3164
Trends:
Daily SMA20: 1.3084
Daily SMA50: 1.3032
Daily SMA100: 1.3073
Daily SMA200: 1.2942
Levels:
Daily High: 1.3184
Daily Low: 1.3088
Weekly High: 1.3172
Weekly Low: 1.3048
Monthly High: 1.3172
Monthly Low: 1.2783
Daily Fibonacci 38.2%: 1.3147
Daily Fibonacci 61.8%: 1.3125
Daily Pivot Point S1: 1.3106
Daily Pivot Point S2: 1.3048
Daily Pivot Point S3: 1.3009
Daily Pivot Point R1: 1.3203
Daily Pivot Point R2: 1.3242
Daily Pivot Point R3: 1.33