USD/CAD eases from intraday drop, extends Friday’s U-turn from the key HMA. An upward sloping trend line from Thursday offers immediate support. USD/CAD drops to 1.2758, down 0.08% intraday, during Monday’s Asian session. The pair bounced off 1.2745 before pulling backward from 1.2763. In doing so, the quote defies Friday’s recovery moves below 100-HMA while MACD flirts with the USD/CAD bears. As a result, the sellers look to visit a two-day-old support line, at 1.2734 now, during further downside. Though, the monthly low near 1.2700 will challenge the downside momentum then after. In a case where the USD/CAD sellers keep the reins past-1.2700, the early 2018 lows near 1.2630 will be in the spotlight. Meanwhile, 100-HMA and highs marked since last Monday, respectively near 1.2785 and 1.2835, can guard the pair’s short-term upside. If at all the USD/CAD buyers return after 1.2835, the 1.2900 threshold and the monthly top near 1.3010 will be on their radars. USD/CAD hourly 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 NZ PM Ardern: Cabinet agreed to look at opening Australia travel bubble by Q1 2021 FX Street 2 years USD/CAD eases from intraday drop, extends Friday’s U-turn from the key HMA. An upward sloping trend line from Thursday offers immediate support. USD/CAD drops to 1.2758, down 0.08% intraday, during Monday’s Asian session. The pair bounced off 1.2745 before pulling backward from 1.2763. In doing so, the quote defies Friday’s recovery moves below 100-HMA while MACD flirts with the USD/CAD bears. As a result, the sellers look to visit a two-day-old support line, at 1.2734 now, during further downside. Though, the monthly low near 1.2700 will challenge the downside momentum then after. In a case where the USD/CAD sellers keep… 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.
