USD/CAD fails to extend Friday’s recovery, stays below the 12-week-old resistance line. Hong Kong election results fail to counter doubts over phase two deal between the US and China. The pullback in oil prices adds to the lack of performance. Given the mixed trade headlines, not to forget indecision among oil traders, USD/CAD seesaws around 1.3295 during Monday’s Asian session. News that pro-Democratic candidates are up for a huge victory in Hong Kong’s district election recently favored market’s risk tone. However, the Reuters’ story, relying on official from the United States (US) and China, raise doubts on the phase two level deal between the US and Beijing, which in turn challenges the trade sentiment. Prior to that, the US President Donald Trump increased the odds of a successful phase one deal with China. However, the Trump administration’s emphasis on the Hog Kong bill, which was recently passed by the Congress, risks another round of US-China political tussle. It’s worth mentioning that the US 10-year Treasury yields takes rounds to 1.783% while S&P 500 Futures also rise by 0.30% to 3,120 by the press time. Further, oil prices ignore threats from Iran and a consecutive fifth week of decline in the Baker Hughes US rig counts amid mixed trade headlines. While Chicago Fed National Activity Index and Dallas Fed Manufacturing Index for October and November month respectively will occupy the US economic calendar, September month Wholesale Sales from Canada could also entertain the USD/CAD pair traders. Technical Analysis Unless providing a daily closing beyond multi-week-old resistance trend line, at 1.3310 now, buyers are less likely to aim for the previous month high near 1.3350 and the September month top close to 1.3385. As a result, the 21-day Exponential Moving Average (EMA) level of 1.3230 stays on the short-term seller’s radar during the pair’s pullback. 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 Ripple price analysis: XRP/USD recovery hampered as $0.2150 support remains in grave danger FX Street 3 years USD/CAD fails to extend Friday's recovery, stays below the 12-week-old resistance line. Hong Kong election results fail to counter doubts over phase two deal between the US and China. The pullback in oil prices adds to the lack of performance. Given the mixed trade headlines, not to forget indecision among oil traders, USD/CAD seesaws around 1.3295 during Monday's Asian session. News that pro-Democratic candidates are up for a huge victory in Hong Kong's district election recently favored market's risk tone. However, the Reuters' story, relying on official from the United States (US) and China, raise doubts on the phase two… 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.