USD/CAD picks up the bids towards the weekly high near 1.3460. Key Fibonacci retracement levels to challenge the bulls. Bears may attack 1.3315 support during the fall below 200-HMA. USD/CAD rises to 1.3430, up 0.07% on a day, before the European session begins on Friday. The loonie pair recently took a U-turn from 200-HMA while reversing the previous day’s pullback from 1.3460. Although MACD conditions challenge the latest recovery in USD/CAD prices, sustained trading beyond the key HMA enables the quote to challenge the previous day’s top, also the weekly high, around 1.3460. During the pair’s further rise past-1.3460, 50% and 61.8% Fibonacci retracements of July 20-28 fall, respectively near 1.3470 and 1.3500, will challenge the bulls before diverting them to the monthly high around 1.3640. Meanwhile, a downside break of a 200-HMA level of 1.3406 will need to slip below 1.3400 to attack the weekly bottom around 1.3330. Also challenging the bears will be the lows marked in March and June months surrounding 1.3315, as well as 1.3500 round-figures. 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 Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Bitcoin Cash – Asian Wrap 31 Jul FX Street 3 years USD/CAD picks up the bids towards the weekly high near 1.3460. Key Fibonacci retracement levels to challenge the bulls. Bears may attack 1.3315 support during the fall below 200-HMA. USD/CAD rises to 1.3430, up 0.07% on a day, before the European session begins on Friday. The loonie pair recently took a U-turn from 200-HMA while reversing the previous day’s pullback from 1.3460. Although MACD conditions challenge the latest recovery in USD/CAD prices, sustained trading beyond the key HMA enables the quote to challenge the previous day’s top, also the weekly high, around 1.3460. During the pair’s further rise past-1.3460, 50%… 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.
