USD/CAD keeps recovery moves from 1.2688, the lowest since April 2018 flashed on Monday. Normal RSI conditions, two-day-old support line suggests further upside. Bulls can eye November lows, sellers will wait for fresh multi-day bottom for entry. USD/CAD picks up the bids near 1.2750, up 0.05% intraday, during early Thursday. In doing so, the loonie pair extends bounce off multi-month bottom marked earlier in the week. Given the pair’s sustained trading beyond a short-term support line, amid an absence of overbought RSI conditions, USD/CAD buyers are likely to stay hopeful. However, a clear break of a downward sloping trend line from December 09, at 1.2755 now, becomes necessary before the quote eyes 200-HMA near 1.2770. In a case where the USD/CAD bulls dominate past-1.2770, the December 09 high of 1.2833 becomes the key as it holds the gate for the pair’s further upside towards the previous month’s low around 1.2930/20. Alternatively, a downside break below immediate trend line support, currently around 1.2730, will attack 1.2688 while targeting the April 2018 low of 1.2527. USD/CAD hourly 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 Breaking: AUD/USD prints fresh cycle high on big-beat jobs data FX Street 2 years USD/CAD keeps recovery moves from 1.2688, the lowest since April 2018 flashed on Monday. Normal RSI conditions, two-day-old support line suggests further upside. Bulls can eye November lows, sellers will wait for fresh multi-day bottom for entry. USD/CAD picks up the bids near 1.2750, up 0.05% intraday, during early Thursday. In doing so, the loonie pair extends bounce off multi-month bottom marked earlier in the week. Given the pair’s sustained trading beyond a short-term support line, amid an absence of overbought RSI conditions, USD/CAD buyers are likely to stay hopeful. However, a clear break of a downward sloping trend line… 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.
