USD/CAD remains pressured around multi-month lows even as immediate support probe bears amid oversold RSI. 200-HMA, weekly resistance line guard immediate upside, corrective pullback towards 1.2700 can’t be ruled out. USD/CAD declines to 1.2621, down 0.17% intraday, during early Thursday. The loonie pair dropped to the fresh low since April 2018 before bouncing off 1.2606. However, the recovery moves recently faded around 1.2650 while battling a downward sloping trend line from January 06. Other than the short-term support line, oversold RSI conditions also challenge the quote’s further weakness and support odds for a corrective pullback towards the 1.2700 round-figure. Though, any further upside will be tamed by a confluence of 200-HMA and a falling trend line from Monday, around 1.2725. On the flip side, a sustained downside past-1.2620 immediate support will have to break the 1.2600 round-figure before challenging the April 2018 low of 1.2525. USD/CAD hourly chart Trend: Pullback expected 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 NZD/USD Price Analysis: Kiwi pulls back from session highs, trades near falling channel hurdle FX Street 2 years USD/CAD remains pressured around multi-month lows even as immediate support probe bears amid oversold RSI. 200-HMA, weekly resistance line guard immediate upside, corrective pullback towards 1.2700 can’t be ruled out. USD/CAD declines to 1.2621, down 0.17% intraday, during early Thursday. The loonie pair dropped to the fresh low since April 2018 before bouncing off 1.2606. However, the recovery moves recently faded around 1.2650 while battling a downward sloping trend line from January 06. Other than the short-term support line, oversold RSI conditions also challenge the quote’s further weakness and support odds for a corrective pullback towards the 1.2700 round-figure. Though,… 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.
