USD/CAD Technical Analysis: Triple Top near 1.3150 can pause the bullish advance
- USD/CAD is trading in a bull trend above the 200-period simple moving average.
- USD/CAD made a triple top just below 1.3053 October 15 high. The pattern might lead to a correction down to 1.3083 (September 27 swing high) and 1.3053 (October 15 high) if the pullback extends further.
- As the market is bullish above its main simple moving avearges, a break of 1.3161 could lead to a bullish continuation to 1.3200 figure.
USD/CAD 4-hour chart
Main trend: Bullish
Resistance 1: 1.3161 October 26 high
Resistance 2: 1.3200 figure
Resistance 3: 1.3300 figure
Support 1: 1.3108, September 7 low
Support 2: 1.3083 September 27 swing high
Support 3: 1.3053 October 15 high
Support 4: 1.3000 figure
Support 5: 1.2950-59 multi-month key level and August 7 low
Additional key levels at a glance:
USD/CAD
Overview:
Last Price: 1.3118
Daily change: -16 pips
Daily change: -0.122%
Daily Open: 1.3134
Trends:
Daily SMA20: 1.3014
Daily SMA50: 1.3013
Daily SMA100: 1.3073
Daily SMA200: 1.2913
Levels:
Daily High: 1.315
Daily Low: 1.3082
Weekly High: 1.316
Weekly Low: 1.2968
Monthly High: 1.3228
Monthly Low: 1.2882
Daily Fibonacci 38.2%: 1.3125
Daily Fibonacci 61.8%: 1.3108
Daily Pivot Point S1: 1.3094
Daily Pivot Point S2: 1.3054
Daily Pivot Point S3: 1.3026
Daily Pivot Point R1: 1.3162
Daily Pivot Point R2: 1.319
Daily Pivot Point R3: 1.323