USD/CAD bounces off a five-month-old falling support line (previous resistance). November, October 2019 highs are on the bull’s radar. 61.8% of Fibonacci retracement could return to the charts on the downside break. USD/CAD takes the bids to 1.3295 during the early Wednesday. The pair recently took a U-turn from a multi-month-old support line that it crossed two days back. The pair now aims for November month high of 1.3330 while its further upside could challenge October month top surrounding 1.3350. If overbought RSI conditions fail to disappoint buyers around 1.3350, September highs near 1.3385 and 1.3400 could please return to the charts. Meanwhile, the downside break of the resistance-turned-support trend line, at 1.3280 now, can trigger the pair’s fresh declines to 1.3220 and 61.8% Fibonacci retracement of September-December 2019 declines, near 1.3200. During the course of the pair’s south-run past-1.3200, 50% Fibonacci retracement level of 1.3140 and a five-week-old rising support line, around 1.3120, could please the bears. USD/CAD daily chart Trend: Bullish 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 Gold: Pullback stalls near key Fib support FX Street 2 years USD/CAD bounces off a five-month-old falling support line (previous resistance). November, October 2019 highs are on the bull’s radar. 61.8% of Fibonacci retracement could return to the charts on the downside break. USD/CAD takes the bids to 1.3295 during the early Wednesday. The pair recently took a U-turn from a multi-month-old support line that it crossed two days back. The pair now aims for November month high of 1.3330 while its further upside could challenge October month top surrounding 1.3350. If overbought RSI conditions fail to disappoint buyers around 1.3350, September highs near 1.3385 and 1.3400 could please return to… 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.
