USD/CAD Technical Analysis: Greenback at 2-week lows ahead of FOMC Minutes


USD/CAD daily chart

  • On the daily time-frame, USD/CAD is trading between the 100 and the 200-day simple moving averages.
  •  The FOMC Minutes at 19.00 GMT can potentially lead to high volatility in the financial markets and in USD-related pairs. 


USD/CAD 4-hour chart

  • USD/CAD is trading below the main SMAs suggesting bearish momentum in the medium-term.

USD/CAD 30-minute chart

  • USD/CAD is trading below its main SMAs suggesting a bear market in the short-term.
  • A break below 1.3160 support should lead to 1.3110 to the downside.
  • Resistance is seen at 1.3200 and 1.3240 level.

Additional key levels

USD/CAD

Overview:
    Today Last Price: 1.3166
    Today Daily change: -46 pips
    Today Daily change %: -0.35%
    Today Daily Open: 1.3212
Trends:
    Daily SMA20: 1.3231
    Daily SMA50: 1.3356
    Daily SMA100: 1.3253
    Daily SMA200: 1.3152
Levels:
    Previous Daily High: 1.3294
    Previous Daily Low: 1.3204
    Previous Weekly High: 1.3341
    Previous Weekly Low: 1.3196
    Previous Monthly High: 1.3664
    Previous Monthly Low: 1.3118
    Daily Fibonacci 38.2%: 1.3239
    Daily Fibonacci 61.8%: 1.326
    Daily Pivot Point S1: 1.3179
    Daily Pivot Point S2: 1.3147
    Daily Pivot Point S3: 1.3089
    Daily Pivot Point R1: 1.3269
    Daily Pivot Point R2: 1.3327
    Daily Pivot Point R3: 1.3359

 

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