Back

USD/CAD Technical Analysis: Greenback bulls challenging 1.3200 resistance

  • USD/CAD rejected the 1.3120-1.3155 trading range and is now challenging the 1.3200 figure. USD/CAD is also trying to break a major trendline on the daily chart. 
  • If buyers can overcome the 1.3200 resistance they should be able to reach higher targets near 1.3271 June 29 high and 1.3350 figure. Support is the notorious 1.3120-1.3155 area.  

USD/CAD 15-minute chart 

Spot rate:                   1.3191
Relative change:        0.41% 
High:                          1.3196
Low:                           1.3108

Trend:                         Bullish
 
Resistance 1:            1.3200 figure  
Resistance 2:            1.3271 June 29 high
Resistance 3:            1.3350 figure
Resistance 4:            1.3388, 2018 high
Resistance 5:            1.3543 June 9, 2017 swing high6

Support 1:                 1.3155 June 18 low   
Support 2:                 1.3120 demand level
Support 3:                 1.3066-1.3053 last week’s low and June 5, swing high
Support 4:                 1.2974 May 9 high
Support 5:                 1.2900 figure

US Dollar clinches peaks near 94.80, attention to Powell

The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main rivals, stays in the upper end of the daily range in the 94.70/80 regio
अधिक पढ़ें Previous

Fed's Powell: Gradually raising rates is way to extend U.S. Economic expansion

Jerome Powell, the Chairman of the Federal Reserve System, is delivering his remarks on “The Semiannual Monetary Policy Report to the Congress" in an
अधिक पढ़ें Next