USD/CAD marks another U-turn from 1.3418 to revisit the sub-1.3400 area. Triangle’s support, 200-HMA offer strong challenges to sellers. The late-July top adds to the upside barriers. USD/CAD eases to 1.3383 during the pre-Tokyo open trading on Wednesday. The loonie pair has so far been rejected thrice from 1.3418 upside resistance despite following a one-week-old support line. As a result, a short-term ascending triangle pattern appears on the hourly chart above 200-HMA. Multiple pullbacks from 1.3418 join receding strength of the RSI to suggest the quote’s declines to the triangle’s support line, currently around 1.3355. However, 200-HMA and September 22 low, respectively near 1.3320 and 1.3280, will be strongly challenging the bears below 1.3355. On the contrary, USD/CAD rise past-1.3418 will need validation from July 30 high close to 1.3460 to convince buyers. Following that, the June 23 low surrounding 1.3485 and the 1.3500 round-figures can return to the charts. USD/CAD hourly 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 NZD/USD battles 0.6600, China PMIs, US presidential debate in focus FX Street 2 years USD/CAD marks another U-turn from 1.3418 to revisit the sub-1.3400 area. Triangle’s support, 200-HMA offer strong challenges to sellers. The late-July top adds to the upside barriers. USD/CAD eases to 1.3383 during the pre-Tokyo open trading on Wednesday. The loonie pair has so far been rejected thrice from 1.3418 upside resistance despite following a one-week-old support line. As a result, a short-term ascending triangle pattern appears on the hourly chart above 200-HMA. Multiple pullbacks from 1.3418 join receding strength of the RSI to suggest the quote’s declines to the triangle’s support line, currently around 1.3355. However, 200-HMA and September 22… 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.
