USD/CAD gains ground for the second consecutive session, maintaining its position near the 1.3600 psychological level during the European session on Thursday. A decisive breakthrough above the latter could open the doors for the USD/CAD pair to explore the barrier around 23.6% Fibonacci retracement at 1.3623 aligned with the seven-day Exponential Moving Average (EMA) at 1.3626.The improved US Dollar (USD) could inspire the bulls of the USD/CAD pair to approach the major level at 1.3650, followed by the weekly high at 1.3661 if it breaks above the mentioned resistance.However, the technical indicators for the USD/CAD pair support the current downward trend. The Moving Average Convergence Divergence (MACD) line is below the centerline and shows the divergence below the signal line, indicating a bearish momentum in the USD/CAD pair.Furthermore, the 14-day Relative Strength Index (RSI) below 50 indicates a dovish sentiment, indicating that the USD/CAD pair could meet the support around the major level at 1.3550 before the weekly low at 1.3541.If the USD/CAD pair convincingly falls below this level, it might prompt bearish momentum, potentially guiding the pair toward the psychological support zone near 1.3500. USD/CAD: Daily Chart  USD/CAD: MORE TECHNICAL LEVELS

OVERVIEW Today last price 1.3601 Today Daily Change 0.0007 Today Daily Change % 0.05 Today daily open 1.3594

 

TRENDS Daily SMA20 1.3707 Daily SMA50 1.3683 Daily SMA100 1.3556 Daily SMA200 1.3518 LEVELS Previous Daily High 1.3615 Previous Daily Low 1.3541 Previous Weekly High 1.3766 Previous Weekly Low 1.3594 Previous Monthly High 1.3892 Previous Monthly Low 1.3562 Daily Fibonacci 38.2% 1.3587 Daily Fibonacci 61.8% 1.3569 Daily Pivot Point S1 1.3552 Daily Pivot Point S2 1.351 Daily Pivot Point S3 1.3478 Daily Pivot Point R1 1.3626 Daily Pivot Point R2 1.3657 Daily Pivot Point R3 1.37

More By This Author:GBP/USD Grapples To Extend Gains Near 1.2700, US PCE Price Index Eyed
GBP/USD Attracts Some Buyers Near 1.2700, US PCE Data Looms
AUD/USD Holds Above 0.6600, Eyes On Chinese PMI, Core US PCE Data