USD/CAD remains mildly offered between 1.3192 and 1.3208. Bullish MACD, repeated pullbacks from 21-day SMA favor the buyers. Sellers will have multiple downside barriers before refreshing the monthly low. USD/CAD stays heavy around 1.3193 during Monday’s Asian session. In doing so, the loonie pair fails to extend Friday’s gains from the 21-day SMA despite bullish MACD signals. As a result, sellers are likely to have limited space, until the mentioned level of 1.3146, before stepping backward. However, a daily close below the immediate SMA can direct USD/CAD sellers towards 1.3100 and 1.3050/45 supports before highlighting the monthly bottom near 1.2995. On the flip side, the monthly top surrounding 1.3260 can entertain buyers during the fresh rise but a confluence of 50-day SMA and 38.2% Fibonacci retracement of June-September downside, close to 1.3270, may challenge the bulls afterward. If at all the buyers manage to conquer 1.3270, the July month’s low surrounding 1.3330 will be in the spotlight. 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 EUR/USD Price Analysis: Euro may be eyeing reversal lower FX Street 1 year USD/CAD remains mildly offered between 1.3192 and 1.3208. Bullish MACD, repeated pullbacks from 21-day SMA favor the buyers. Sellers will have multiple downside barriers before refreshing the monthly low. USD/CAD stays heavy around 1.3193 during Monday’s Asian session. In doing so, the loonie pair fails to extend Friday’s gains from the 21-day SMA despite bullish MACD signals. As a result, sellers are likely to have limited space, until the mentioned level of 1.3146, before stepping backward. However, a daily close below the immediate SMA can direct USD/CAD sellers towards 1.3100 and 1.3050/45 supports before highlighting the monthly bottom near 1.2995.… Top 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.
