USD/CAD pulls back from 1.3331, the lowest since June 10. Break of five-month-old ascending trend line joins bearish MACD to favor sellers. 200-day SMA becomes near-term key upside barrier beyond the support-turned-resistance. USD/CAD recovers from multi-day low to 1.3351 during early Tuesday. Even so, the pair’s sustained trading below an ascending trend line from February 21 and bearish MACD suggests the quote’s further downside. In doing so, June month’s low near 1.3315 and 1.3300 round-figures will flash on the sellers’ radars as immediate targets. Following that February month bottom around 1.3200 could return to the charts. During the pair’s additional weakness past-1.3200, January 09 high of 1.3104 and 1.3000 psychological magnet will be in the spotlight whereas the yearly trough surrounding 1.2960 could challenge the bears afterward. On the contrary, a daily closing beyond the support-turned-resistance trend line, at 1.3362 now, can escalate the recent recoveries towards a 200-day SMA level of 1.3520. Though, June 23 bottom close to 1.3485 may act as an intermediate halt during the rise. USD/CAD daily chart Trend: Bearish 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 Coronavirus update: Second-wave fears ramping up, as China reports 68 new infections FX Street 3 years USD/CAD pulls back from 1.3331, the lowest since June 10. Break of five-month-old ascending trend line joins bearish MACD to favor sellers. 200-day SMA becomes near-term key upside barrier beyond the support-turned-resistance. USD/CAD recovers from multi-day low to 1.3351 during early Tuesday. Even so, the pair’s sustained trading below an ascending trend line from February 21 and bearish MACD suggests the quote’s further downside. In doing so, June month’s low near 1.3315 and 1.3300 round-figures will flash on the sellers’ radars as immediate targets. Following that February month bottom around 1.3200 could return to the charts. During the pair’s additional… 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.
