USD/CAD fails to keep bounces off 1.3233, the lowest since February. RSI, MACD likely turning in favor of the bears. 200-HMA, weekly resistance line adds to the upside barriers. USD/CAD drops to 1.3260 during the early Thursday’s Asian session. The loonie pair slumped to six-month low the previous day before retracing losses from 1.3233. Though, the resultant pullback couldn’t even cross the immediate horizontal resistance and marked another reversal from 1.3289 to please the sellers. The quote currently declines towards 1.3233 whereas 1.3200 and late-December 2019 top near 1.3180 can entertain the pessimist afterward. Should there be a clear downside below 1.3180, January 09 top near 1.3100 and 1.3030 may act as buffers before highlighting the 1.3000 psychological magnet. Meanwhile, lows marked during late-July restrict the pair’s near-term upside around 1.3330/35, a break of which could escalate the recovery moves towards 1.3370/75 resistance confluence including 200-HMA and a short-term falling trend line. In a case where the bulls manage to cross 1.3375, 1.3460 and June 23 low close to 1.3485 will be the key. USD/CAD hourly chart Trend: Bearish 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 EUR/USD Price Analysis: Better bid in Asia, 1.19 is key resistance FX Street 2 years USD/CAD fails to keep bounces off 1.3233, the lowest since February. RSI, MACD likely turning in favor of the bears. 200-HMA, weekly resistance line adds to the upside barriers. USD/CAD drops to 1.3260 during the early Thursday’s Asian session. The loonie pair slumped to six-month low the previous day before retracing losses from 1.3233. Though, the resultant pullback couldn’t even cross the immediate horizontal resistance and marked another reversal from 1.3289 to please the sellers. The quote currently declines towards 1.3233 whereas 1.3200 and late-December 2019 top near 1.3180 can entertain the pessimist afterward. Should there be a clear downside… Top 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.
