USD/CAD eases from the resistance line of a short-term bullish chart formation. 100 and 200 HMAs add to the upside filters. A downside break below 1.3190 will recall the bears targeting 1.3100. USD/CAD fades upside momentum while easing to 1.3222 during the pre-Tokyo open Asian trading on Tuesday. The loonie pair portrays a descending triangle formation following the previous day’s bounce off 1.3192. Also increasing the odds of its upside is the MACD histogram that teases the bulls. However, a clear break beyond the said formation’s resistance near 1.3235 becomes necessary for the pair to confirm further upside. In doing so, 100-HMA and 200-HMAs, respectively around 1.3250 and 1.3290, will be on the buyers’ radars. In a case where the pair manages to cross 1.3290, 1.3350 and August 07 peak surrounding 1.3400 could return to the charts. Alternatively, a downside break of the bullish formation’s support near 1.3190 will not only disappoint the optimists but will also strengthen the bears to attack 1.3100 mark comprising late-December 2019 low and January 09, 2020, top. 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 Gold Price Analysis: $1,994 is key resistance FX Street 2 years USD/CAD eases from the resistance line of a short-term bullish chart formation. 100 and 200 HMAs add to the upside filters. A downside break below 1.3190 will recall the bears targeting 1.3100. USD/CAD fades upside momentum while easing to 1.3222 during the pre-Tokyo open Asian trading on Tuesday. The loonie pair portrays a descending triangle formation following the previous day’s bounce off 1.3192. Also increasing the odds of its upside is the MACD histogram that teases the bulls. However, a clear break beyond the said formation’s resistance near 1.3235 becomes necessary for the pair to confirm further upside. In doing… 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.
