USD/CAD drops from the 34-month top. MACD and RSI flash mixed signals, May 2019 top is likely upcoming on the charts. Buyers will target May 2017 high during fresh run-up beyond Monday’s peak. Having failed to extend its run-up beyond May 2017 high, USD/CAD drops 0.40% to 1.3640 during the pre-European session on Tuesday. That said, the pair now declines towards May 2019 high near 1.3565 whereas an ascending trend line since February 03, 2020, at 1.3520, can question the bears afterward. In a case where the quote slips beneath 1.3520, June 2019 high near 1.3430 will return to the charts. Meanwhile, buyers will look for any sustained rise beyond 1.3700 to aim for Monday’s peak of 1.3763. However, overbought RSI may raise questions for the pair’s run-up past-1.3763 towards May 2017 high near 1.3795-3800. USD/CAD daily 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 Indonesian FinMin Indrawati: Recent global markets drop is “extraordinary”, authorities ready to act FX Street 3 years USD/CAD drops from the 34-month top. MACD and RSI flash mixed signals, May 2019 top is likely upcoming on the charts. Buyers will target May 2017 high during fresh run-up beyond Monday’s peak. Having failed to extend its run-up beyond May 2017 high, USD/CAD drops 0.40% to 1.3640 during the pre-European session on Tuesday. That said, the pair now declines towards May 2019 high near 1.3565 whereas an ascending trend line since February 03, 2020, at 1.3520, can question the bears afterward. In a case where the quote slips beneath 1.3520, June 2019 high near 1.3430 will return to the… 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.
