USD/CAD remains under selling pressure near May’s lows. The level to beat for bears is the 1.3880 support. The FOMC minutes will be released at 18.00 GMT. USD/CAD four-hour chart USD/CAD is trading below the main SMAs on the four-hour chart suggesting a bearish bias in the medium-term. The spot is trading close to the May’s lows as the bears remain in control. A break below the 1.3880 support can lead to further weakness towards the 1.3820 and 1.3760 levels. Retracements up are likely to find resistance near 1.3980, 1.4040 and 1.4080 levels in the medium-term. Meanwhile, the FOMC minutes will be released at 18.00 GMT. Resistance: 1.3980, 1.4040, 1.4080 Support: 1.3880, 1.1.3820, 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 GBP/USD: Eye son FOMC minutes, pressured into the event FX Street 2 years USD/CAD remains under selling pressure near May’s lows. The level to beat for bears is the 1.3880 support. The FOMC minutes will be released at 18.00 GMT. USD/CAD four-hour chart USD/CAD is trading below the main SMAs on the four-hour chart suggesting a bearish bias in the medium-term. The spot is trading close to the May’s lows as the bears remain in control. A break below the 1.3880 support can lead to further weakness towards the 1.3820 and 1.3760 levels. Retracements up are likely to find resistance near 1.3980, 1.4040 and 1.4080 levels in the medium-term. Meanwhile, 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.
