The USD/CAD pair has seen a sharp rejection from the crucial resistance at 1.3254/72 with support seen at 1.3128, economists at Credit Suisse report. Key quotes “USD/CAD has not managed to follow through on the upside as expected and has seen weakness take over again in line with our medium-term bearish bias. With this in mind, we see support initially at 1.3137, beneath which would see a move back to 1.3128 and 1.3119. Beyond here would see a test of the back of the broken March downtrend at 1.3055. A close below here would further reinforce the view that the medium -term downtrend is taking back over. Support is seen next at 1.3047/38, removal of which would reinforce the bearish bias further for a fall to 1.2994, then medium -term support at 1.2952.” “Resistance moves initially to 1.3170, then 1.3183, ahead of 1.3247. Above here would see a fresh test of 1.3254/72, which ideally cap s once more. Above here though on a closing basis would see a base complete to suggest a more important correction higher, with next important resistances at 1.3304.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoJ sticks to its steady stance – UOB FX Street 2 years The USD/CAD pair has seen a sharp rejection from the crucial resistance at 1.3254/72 with support seen at 1.3128, economists at Credit Suisse report. Key quotes “USD/CAD has not managed to follow through on the upside as expected and has seen weakness take over again in line with our medium-term bearish bias. With this in mind, we see support initially at 1.3137, beneath which would see a move back to 1.3128 and 1.3119. Beyond here would see a test of the back of the broken March downtrend at 1.3055. A close below here would further reinforce the view that the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.