USD/CAD defies a four-day winning streak while easing from 1.3700. 21-day EMA, a 13-day-old support line on the bear’s radars. Bulls will have to cross May 29 top, April month bottom to justify the momentum strength. USD/CAD declines to 1.3660, down 0.20% on a day, during the Asian session on Monday. In doing so, the loonie pair justifies the early day’s U-turn from 100-day EMA. As a result, sellers may keep eyes on 21-day EMA as immediate support during the further fall. Other than the 1.3630 support, comprising the short-term EMA, an ascending trend line from June 10, currently around 1.3560, could also lure the bears in a case of additional weakness. If at all the bears keep the helm past-1.3560, June 09 high near 1.3488 and the monthly bottom close to 1.3315 might return to the charts. On the upside, a successful rise beyond the 100-day EMA level of 1.3700 will propel the quote towards May 29 high around 1.3830. Though, April month low near 1.3930 and 1.4000 psychological magnet might question the bulls afterward. 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 RBNZ’s Orr welcomes decline in retail interest rates FX Street 2 years USD/CAD defies a four-day winning streak while easing from 1.3700. 21-day EMA, a 13-day-old support line on the bear’s radars. Bulls will have to cross May 29 top, April month bottom to justify the momentum strength. USD/CAD declines to 1.3660, down 0.20% on a day, during the Asian session on Monday. In doing so, the loonie pair justifies the early day’s U-turn from 100-day EMA. As a result, sellers may keep eyes on 21-day EMA as immediate support during the further fall. Other than the 1.3630 support, comprising the short-term EMA, an ascending trend line from June 10, currently around… 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.
