USD/CAD Technical Analysis: Bearish RSI divergence is hinting at pullback
- The USD/CAD is currently flat-lined around 1.3252 but may soon report losses as the as the relative strength index (RSI) on the 15-min chart has rolled over from the overbought territory, having charted bearish divergence earlier today.
- The pair has also breached the ascending trendline on the 15-minute chart.
- As a result, the ascending 100-candle EMA, currently at 1.3239, could be put to test in the next few hours.
- The bearish view, however, would be negated if yesterday's high of 1.3265 is scaled.
15-minute chart
-636788932226391053.png)
Trend: Bearish
USD/CAD
Overview:
Today Last Price: 1.3253
Today Daily change: -3.0 pips
Today Daily change %: -0.0226%
Today Daily Open: 1.3256
Trends:
Previous Daily SMA20: 1.3182
Previous Daily SMA50: 1.3067
Previous Daily SMA100: 1.3073
Previous Daily SMA200: 1.2986
Levels:
Previous Daily High: 1.3258
Previous Daily Low: 1.3187
Previous Weekly High: 1.332
Previous Weekly Low: 1.3142
Previous Monthly High: 1.3172
Previous Monthly Low: 1.2783
Previous Daily Fibonacci 38.2%: 1.3231
Previous Daily Fibonacci 61.8%: 1.3214
Previous Daily Pivot Point S1: 1.321
Previous Daily Pivot Point S2: 1.3163
Previous Daily Pivot Point S3: 1.3139
Previous Daily Pivot Point R1: 1.328
Previous Daily Pivot Point R2: 1.3304
Previous Daily Pivot Point R3: 1.3351