USD/CAD stays near the upper end of the 1.3370/3400 trading range. A clear break of short-term resistance line, now support, joins bullish MACD to lure the buyers. Sellers may wait for fresh monthly low before entering any traders. USD/CAD trades near 1.3385 amid the initial Asian session on Monday. In doing so, the loonie pair stays beyond a downward sloping trend line from July 14 amid bullish MACD. The same indicates the pair’s further upside towards the monthly top near 1.3450. Though, a 200-day SMA level of 1.3531 could challenge the bulls afterward. In a case where the pair manages to cross 1.3530, the mid-July top near 1.3650 will lure the buyers. Alternatively, the pair’s failure to keep the present breakout can recall the intraday sellers should the quote slips below 1.3370. However, a major downside is likely should the bears dominate below the current month’s low of 1.3230. USD/CAD daily chart Trend: Further upside 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 EUR/USD Price Analysis: Interim top in place? FX Street 2 years USD/CAD stays near the upper end of the 1.3370/3400 trading range. A clear break of short-term resistance line, now support, joins bullish MACD to lure the buyers. Sellers may wait for fresh monthly low before entering any traders. USD/CAD trades near 1.3385 amid the initial Asian session on Monday. In doing so, the loonie pair stays beyond a downward sloping trend line from July 14 amid bullish MACD. The same indicates the pair’s further upside towards the monthly top near 1.3450. Though, a 200-day SMA level of 1.3531 could challenge the bulls afterward. In a case where the pair manages… 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.
