USD/CAD fails to keep recovery moves from 1.2630. Bearish MACD, sustained break of immediate support line, now resistance, favor sellers. Bulls will have 200-HMA as additional hurdle to the north. USD/CAD keeps downside break of an ascending support line from Wednesday while easing to 1.2685 amid Friday’s Asian session. That said, bearish MACD and a weekly resistance line add to the strength of the downside momentum. The quote currently eyes 1.2675 and 1.2660 immediate supports ahead of challenging the weekly low, also the lowest since April 2018, of 1.2630. During the quote USD/CAD downturn past-1.2630, the 1.2600 round-figure may offer an intermediate halt ahead of direct the bears towards the April 2018 bottom near 1.2525. On the contrary, an upside break of the previous support, at 1.2700 will have to cross the weekly resistance line, near 1.2720, to eye the 200-HMA level of 1.2754. Though, any upside past-200-HMA will be enough for the USD/CAD buyers’ entries. Following that, the late December high of 1.2957 could return to the chart. USD/CAD hourly chart Trend: Bearish 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 GBP/NZD Price Analysis: Bears seek an extension to 1.8580 FX Street 11 months USD/CAD fails to keep recovery moves from 1.2630. Bearish MACD, sustained break of immediate support line, now resistance, favor sellers. Bulls will have 200-HMA as additional hurdle to the north. USD/CAD keeps downside break of an ascending support line from Wednesday while easing to 1.2685 amid Friday’s Asian session. That said, bearish MACD and a weekly resistance line add to the strength of the downside momentum. The quote currently eyes 1.2675 and 1.2660 immediate supports ahead of challenging the weekly low, also the lowest since April 2018, of 1.2630. During the quote USD/CAD downturn past-1.2630, the 1.2600 round-figure may offer… 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.
