USD/CAD stays under selling pressure below the 1.4000 level. Further weakness can be on the cards with bears eyeing the May’s lows. USD/CAD four-hour chart USD/CAD is trading below the main SMAs on the four-hour chart as bears are keeping the market below the 1.4000 figure at the start of the new trading week. More weakness could see USD/CAD travelling south towards the 1.3880 level initially followed by the 1.3820 and 1.3760 levels. On the other hand, strong resistance is seen near the 1.4000 level. In case the spot breach this level, 1.4040 and 1.4080 can come into play in the medium-term. Resistance: 1.3980, 1.4040, 1.4080 Support: 1.3880, 1.3820, 1.3760 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 BoC’s Poloz: Current inflation target sits within a control range of 1% to 3% FX Street 3 years USD/CAD stays under selling pressure below the 1.4000 level. Further weakness can be on the cards with bears eyeing the May’s lows. USD/CAD four-hour chart USD/CAD is trading below the main SMAs on the four-hour chart as bears are keeping the market below the 1.4000 figure at the start of the new trading week. More weakness could see USD/CAD travelling south towards the 1.3880 level initially followed by the 1.3820 and 1.3760 levels. On the other hand, strong resistance is seen near the 1.4000 level. In case the spot breach this level, 1.4040 and 1.4080 can come into… 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.
