USD/CAD extends pullback moves from 1.3980. 61.8% of Fibonacci retracement acts as immediate resistance. A three-day-old rising trend line, recovery from the key EMA keep buyers hopeful. USD/CAD takes the bids near 1.4000, up 0.05% on a day, during the early Monday’s trading. Despite failing to cross 1.4050 resistance, the pair’s recent bounce from 200-hour EMA keeps buyers hopeful. That said, bulls may again target 1.4050 resistance while also aiming 61.8% Fibonacci retracement of May 14-19 fall, around 1.4035 as immediate upside barrier. In a case where the buyers manage to dominate past-1.4050, 1.4100, 1.4120 and May 14 top near 1.4140 could return to the charts. On the downside, the pair’s break of a 200-hour EMA level of 1.3985 can drag it back to a short-term support line near 1.3930. Though, 1.3900 round-figure and May 19 low near 1.3870/65 could challenge the bears afterward. USD/CAD hourly chart Trend: Further recovery 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 USD/CNH Price Analysis: Symmetrical triangle breakout on daily chart FX Street 3 years USD/CAD extends pullback moves from 1.3980. 61.8% of Fibonacci retracement acts as immediate resistance. A three-day-old rising trend line, recovery from the key EMA keep buyers hopeful. USD/CAD takes the bids near 1.4000, up 0.05% on a day, during the early Monday’s trading. Despite failing to cross 1.4050 resistance, the pair’s recent bounce from 200-hour EMA keeps buyers hopeful. That said, bulls may again target 1.4050 resistance while also aiming 61.8% Fibonacci retracement of May 14-19 fall, around 1.4035 as immediate upside barrier. In a case where the buyers manage to dominate past-1.4050, 1.4100, 1.4120 and May 14 top near… 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.
