The Fed cuts rate by 50bps in an emergency move. USD/CAD is pulling back down, challenging the 1.3368 support. USD/CAD daily chart USD/CAD is trading off the 2020 highs while trading above the main daily simple moving averages (SMAs) on the daily chart. The Fed cuts rate by 50bps in an emergency move. USD/CAD four-hour chart USD/CAD is retracing down while challenging the 1.3368 support level as USD is selling off across the board. The pullback down can extend towards the 1.3310 and 1.3270 level according to the Technical Confluences Indicator. Resistance can be expected near 1.3410, 1.3465 and 1.3550 levels. Resistance: 1.3410, 1.3465, 1.3550 Support: 1.3368, 1.3310, 1.3270 Additional key levels 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: EUR/USD spikes as traders react to rate cut from the Fed FX Street 3 years The Fed cuts rate by 50bps in an emergency move. USD/CAD is pulling back down, challenging the 1.3368 support. USD/CAD daily chart USD/CAD is trading off the 2020 highs while trading above the main daily simple moving averages (SMAs) on the daily chart. The Fed cuts rate by 50bps in an emergency move. USD/CAD four-hour chart USD/CAD is retracing down while challenging the 1.3368 support level as USD is selling off across the board. The pullback down can extend towards the 1.3310 and 1.3270 level according to the Technical Confluences Indicator. Resistance can be expected near 1.3410,… 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.
