USD/CAD stays depressed despite recently bouncing off 1.3380. A confluence of 200-bar EMA, falling trend line from June 26 offer strong resistance. July month’s bottom gains immediate attention of sellers. USD/CAD drops to 1.3393 during the initial Asian session on Tuesday. The loonie pair rose to a one-week high on Monday. Though, failures to cross 100-bar EMA keep the bears hopeful. The same drives sellers towards July’s low near 1.3330 ahead of attacking 1.3315 mark comprising lows registered during March and June month. It should, however, be noted that the pair’s weakness past-1.3315 will have to break 1.3300 round-figures to revisit February month’s trough surrounding 1.3200. On the upside, a clear break above 100-bar EMA level of 1.3450 could push the recovery moves towards 1.3515 resistance confluence including a five-week-old falling trend line and 200-bar EMA. USD/CAD four-hour 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 Ripple Price Prediction: XRP/USD bulls aims for $0.32 – Confluence Detector FX Street 3 years USD/CAD stays depressed despite recently bouncing off 1.3380. A confluence of 200-bar EMA, falling trend line from June 26 offer strong resistance. July month’s bottom gains immediate attention of sellers. USD/CAD drops to 1.3393 during the initial Asian session on Tuesday. The loonie pair rose to a one-week high on Monday. Though, failures to cross 100-bar EMA keep the bears hopeful. The same drives sellers towards July’s low near 1.3330 ahead of attacking 1.3315 mark comprising lows registered during March and June month. It should, however, be noted that the pair’s weakness past-1.3315 will have to break 1.3300 round-figures to… 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.
