USD/CAD eases from 1.3560, still above the key SMA. The monthly falling trend line offers immediate upside barrier. 1.3440/35 acts as additional support ahead of June 10 bottom. Despite the latest pullback from 1.3529 to 1.3538, USD/CAD prints 0.10% loss during Wednesday’s Asian session. In doing so, the quote defies Tuesday’s recovery moves from 200-day SMA while still staying below a downward sloping trend line from May 29. In addition to the latest U-turn from the key SMA, bullish MACD signals also favor the buyers. However, a sustained break above the immediate resistance line, at 1.3585 now, limits nearby moves. Other than the said trend line resistance, 23.6% Fibonacci retracement of March-June fall and June 15 top, respectively around 1.3635 and 1.3685, also question the optimists. Alternatively, the pair’s declines below 200-day SMA level of 1.3482 needs to clear the 1.3440/35 support-zone, including highs marked on June 08 and 10, to diver sellers towards the monthly low of 1.3315. 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 WTI challenges key hurdle in Asia, API build may cap gains FX Street 2 years USD/CAD eases from 1.3560, still above the key SMA. The monthly falling trend line offers immediate upside barrier. 1.3440/35 acts as additional support ahead of June 10 bottom. Despite the latest pullback from 1.3529 to 1.3538, USD/CAD prints 0.10% loss during Wednesday’s Asian session. In doing so, the quote defies Tuesday’s recovery moves from 200-day SMA while still staying below a downward sloping trend line from May 29. In addition to the latest U-turn from the key SMA, bullish MACD signals also favor the buyers. However, a sustained break above the immediate resistance line, at 1.3585 now, limits nearby moves.… 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.
