USD/CAD snaps three-day uptrend, remains depressed around 1.2900. Bears await clear break below 1.2850 for fresh entries. Bulls can keep 50-day SMA on the radar amid upbeat RSI conditions. USD/CAD remains mildly offered while taking rounds to 1.2900 doing early Wednesday. In doing so, the loonie pair marks intraday losses for the first time since last Thursday. While fresh buying is probed by the latest pullback targeting a 21-day SMA level of 1.2848, sellers are likely to remain cautious ahead of that. In a case where the USD/CAD drops below 1.2848, the 1.2800 the monthly low near 1.2688 will be in the spotlight. On the upside, the weekly high near 1.2960 will precede the 1.3000 threshold and 50-day SMA level of 1.3016 to challenge short-term bulls. If at all the USD/CAD buyers manage to cross 1.3016, the November 13 high of 1.3172 should return to the charts. 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 Japan’s Kato: To tighten border measures on arrivals from the UK FX Street 1 year USD/CAD snaps three-day uptrend, remains depressed around 1.2900. Bears await clear break below 1.2850 for fresh entries. Bulls can keep 50-day SMA on the radar amid upbeat RSI conditions. USD/CAD remains mildly offered while taking rounds to 1.2900 doing early Wednesday. In doing so, the loonie pair marks intraday losses for the first time since last Thursday. While fresh buying is probed by the latest pullback targeting a 21-day SMA level of 1.2848, sellers are likely to remain cautious ahead of that. In a case where the USD/CAD drops below 1.2848, the 1.2800 the monthly low near 1.2688 will be… 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.
