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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

 

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