USD/CAD keeps recovery moves from the lowest since June 10. Bullish candlestick formation, nearly oversold RSI conditions favor buyers. Bears will have to wait for a downside break below 1.3300. USD/CAD wavers around 1.3380 during the early Wednesday’s Asian session. The loonie pair printed a bullish candlestick formation while bouncing off the seven-week low the previous day. However, 10-day EMA restricts the quote’s immediate upside. Considering the RSI conditions, backed by the upbeat candlestick, the quote is expected to stretch the recent recovery moves beyond a 10-day EMA level of 1.3435 towards June 23 low of 1.3485. Though, pair’s further upside depends upon its capacity to cross 1.3500 round-figures, which in turn will open the gate for the monthly high surrounding 1.3645/50. Meanwhile, a daily closing below 1.3330 will again attack June month’s bottom close to 1.3315. However, any more downside will need a daily closing past-1.3300 round-figure. Should that happen, February month low near 1.3200 will lure the bears ahead of diverting them to 1.3000 psychological magnet. USD/CAD daily 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 EUR/USD Price Analysis: Snaps 7-day winning run with an inside day candle FX Street 3 years USD/CAD keeps recovery moves from the lowest since June 10. Bullish candlestick formation, nearly oversold RSI conditions favor buyers. Bears will have to wait for a downside break below 1.3300. USD/CAD wavers around 1.3380 during the early Wednesday’s Asian session. The loonie pair printed a bullish candlestick formation while bouncing off the seven-week low the previous day. However, 10-day EMA restricts the quote’s immediate upside. Considering the RSI conditions, backed by the upbeat candlestick, the quote is expected to stretch the recent recovery moves beyond a 10-day EMA level of 1.3435 towards June 23 low of 1.3485. Though, pair’s further… 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.
