USD/CAD Technical Analysis: How high can the Greenback fly against the Loonie?


USD/CAD daily chart

  • USD/CAD is ending Tuesday virtually unchanged below 1.3250 brick wall. 
  • USD/CAD is attempting to break meaningfully above the September high. 

USD/CAD 4-hour chart

  • USD/CAD is evolving in a small rising wedge just below 1.3250 in what appears to be a crowded trade to the upside. 
  • The Stochastic indicator is decelerating. 

USD/CAD 30-minute chart

  • Bulls objective is to break above 1.3250. It is most likely that any attempts above the level would soon fail. 
  • Bears will try to reach 1.3200 and 1.3140 to the downside. 

 

Additional key levels at a glance:

USD/CAD

Overview:
    Last Price: 1.3238
    Daily change: -5.0 pips
    Daily change: -0.0378%
    Daily Open: 1.3243
Trends:
    Daily SMA20: 1.3106
    Daily SMA50: 1.3041
    Daily SMA100: 1.3071
    Daily SMA200: 1.2951
Levels:
    Daily High: 1.3245
    Daily Low: 1.3182
    Weekly High: 1.3233
    Weekly Low: 1.3056
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3221
    Daily Fibonacci 61.8%: 1.3206
    Daily Pivot Point S1: 1.3202
    Daily Pivot Point S2: 1.3161
    Daily Pivot Point S3: 1.314
    Daily Pivot Point R1: 1.3264
    Daily Pivot Point R2: 1.3285
    Daily Pivot Point R3: 1.3326

 

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