USD/CAD Technical Analysis: Greenback surges past 1.3160 level post-FOMC

USD/CAD-hour chart Main trend:                Bullish Resistance 1:            1.3200 figure Resistance 2:            1.3300 figure Resistance 3:  |  08/11/2018 20:10
  • USD/CAD is trading in a bull trend above its 200-period simple moving average (SMA) following the FOMC statement. 
  • USD/CAD jumped almost a 100 pips following the FOMC statement and broke to a new monthly high. 
  • USD/CAD is now less than 30 pips away from the 1.3200 level and there seems to be little in the way for the level to be reached.  

USD/CAD-hour chart

Main trend:                Bullish

Resistance 1:            1.3200 figure
Resistance 2:            1.3300 figure
Resistance 3:            1.3400 figure

Support 1:            1.3161 October 26 high
Support 2:            1.3108, September 7 low
Support 3:            1.3083 September 27 swing high
Support 4:            1.3053 October 15 high
Support 5:            1.3000 figure
Support 6:            1.2950-59 multi-month key level and August 7 low

 

Additional key levels at a glance:

USD/CAD

Overview:
    Last Price: 1.3182
    Daily change: 69 pips
    Daily change: 0.526%
    Daily Open: 1.3113
Trends:
    Daily SMA20: 1.3078
    Daily SMA50: 1.3027
    Daily SMA100: 1.3074
    Daily SMA200: 1.2938
Levels:
    Daily High: 1.316
    Daily Low: 1.3056
    Weekly High: 1.3172
    Weekly Low: 1.3048
    Monthly High: 1.3172
    Monthly Low: 1.2783
    Daily Fibonacci 38.2%: 1.3096
    Daily Fibonacci 61.8%: 1.312
    Daily Pivot Point S1: 1.306
    Daily Pivot Point S2: 1.3006
    Daily Pivot Point S3: 1.2956
    Daily Pivot Point R1: 1.3163
    Daily Pivot Point R2: 1.3213
    Daily Pivot Point R3: 1.3266

 

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