USD/CAD remains weak near the four-week low. Oversold RSI conditions can trigger a pullback from the key Fibonacci retracement support. 200-bar SMA, 18-day-old falling trend line guard immediate upside. Having slipped below 200-bar SMA, USD/CAD traders near the one-month low while taking rounds to 1.3870 during the pre-European session on Tuesday. While a sustained break below the key SMA favors the pair’s further declines, oversold RSI conditions point to a pullback from nearby strong support. As a result, buyers may look for a bounce from 61.8% Fibonacci retracement of March month upside to question the 200-bar SMA level of 1.3960. However, a downward sloping trend line from March 19, currently at 1.3980, followed by a 50% Fibonacci retracement level of 1.3990 and 1.4000 mark, can restrict the quote’s upside beyond 1.3960. Alternatively, additional downside past-61.8% Fibonacci retracement level of 1.3830 could revisit mid-March lows near 1.3730 and 1.3700. USD/CAD four-hour 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 Ethereum Price Prediction: ETH/USD triangle breakout rally eyes $200 – Confluence Detector FX Street 2 years USD/CAD remains weak near the four-week low. Oversold RSI conditions can trigger a pullback from the key Fibonacci retracement support. 200-bar SMA, 18-day-old falling trend line guard immediate upside. Having slipped below 200-bar SMA, USD/CAD traders near the one-month low while taking rounds to 1.3870 during the pre-European session on Tuesday. While a sustained break below the key SMA favors the pair’s further declines, oversold RSI conditions point to a pullback from nearby strong support. As a result, buyers may look for a bounce from 61.8% Fibonacci retracement of March month upside to question the 200-bar SMA level of 1.3960.… 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.
