USD/CAD Technical Analysis: Greenback bears eyeing 1.3200 figure

USD/CAD daily chart

  • USD/CAD is trading in a bull trend above the 200-day simple moving average (SMA).

USD/CAD 4-hour chart

  • USD/CAD is trading between the 100 and 200 SMA suggesting a sideways market in the medium-term.

USD/CAD 30-minute chart

  • USD/CAD is trading below its 100 and 200 SMAs suggesting bearish momentum in the short-term.
  • Bears will try to reach 1.3200 figure to the downside. 
  • Resistance is seen at 1.3240 and 1.3270 levels.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.323
    Today Daily change: -9 pips
    Today Daily change %: -0.07%
    Today Daily Open: 1.3239
Trends:
    Daily SMA20: 1.3242
    Daily SMA50: 1.3368
    Daily SMA100: 1.3237
    Daily SMA200: 1.3142
Levels:
    Previous Daily High: 1.3316
    Previous Daily Low: 1.3233
    Previous Weekly High: 1.333
    Previous Weekly Low: 1.3084
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3265
    Daily Fibonacci 61.8%: 1.3284
    Daily Pivot Point S1: 1.321
    Daily Pivot Point S2: 1.318
    Daily Pivot Point S3: 1.3128
    Daily Pivot Point R1: 1.3292
    Daily Pivot Point R2: 1.3345
    Daily Pivot Point R3: 1.3374

 

US: Greater upward pressure on core inflation going forward - RBC CM

Data released today showed that the annual CPI rate dropped to 1.6% while the core rate stood at 2.2%. Paul Ferley, Assistant Chief Economist at RBC C
Devamını oku Previous

US: January CPI: Weak energy, steady core - TD Securities

"The January CPI report was a touch softer in the flat monthly headline print while core printed a strong 0.2% m/m gain," note TD Securities analysts.
Devamını oku Next