Technical analytics

Fibonacci analysis of USD/CAD

USDCAD

Sellers found a decent support at 1.3200. Buyers defended this level, and rejected the majors upwards. The US dollar touched the 1.3250 level and lost strength. The currency pair spent the rest of the day in a tight range 1.3250 and 1.3230. The selling pressure increased in the night and the spot moved to 1.3200.


The Fibonacci level 50.0% is located in the 1.3220 area and is an additional support for the USD/CAD pair. The next Fibonacci level 61.8% is in the 1.3120 region. The EMA50 is moving downwards, the EMA200 is changing its course. MACD formed a signal to rise. The Stochastic oscillator stayed near overbought levels, favoring a new move higher. The resistance stands at 1.3250, the support is at 1.3200.  


USD/CAD will move either to the 1.3150 area, or will stay in the current range.


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