USD/CAD seesaws near 23.6% Fibonacci retracement of April-June downside. The sustained break of 21-day SMA, lower high formation since last four days keep sellers hopeful. 200-day SMA will take support from MACD conditions to challenge the bears. USD/CAD takes rounds to 1.3540/35 amid the initial Asian session on Tuesday. The pair carried Friday’s closing under 21-day SMA on Monday. This pushes the quote to portray a four-day losing streak by the press time. As a result, the sellers are targeting a 200-day SMA level around 1.3500 as immediate support. However, the pair’s further downside becomes less anticipated amid bullish MACD. Should the bears ignore MACD while keeping the helm below 1.3500, 1.3440/35 might offer an intermediate halt during the quote’s fall towards June month’s bottom near 1.3315. On the contrary, an upside clearance of 21-day SMA, at 1.3571 now, will trigger a fresh recovery move targeting the June 26 top close to 1.3715. However, 1.3630 can act as an intermediate halt during the rise. USD/CAD daily chart Trend: Further weakness 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 USD/JPY: Consolidates US dollar’s decline, testing below 107.50s FX Street 3 years USD/CAD seesaws near 23.6% Fibonacci retracement of April-June downside. The sustained break of 21-day SMA, lower high formation since last four days keep sellers hopeful. 200-day SMA will take support from MACD conditions to challenge the bears. USD/CAD takes rounds to 1.3540/35 amid the initial Asian session on Tuesday. The pair carried Friday’s closing under 21-day SMA on Monday. This pushes the quote to portray a four-day losing streak by the press time. As a result, the sellers are targeting a 200-day SMA level around 1.3500 as immediate support. However, the pair’s further downside becomes less anticipated amid bullish MACD.… 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.
