USD/CAD has bounced up from Thursday’s low of 1.3325. The immediate bias remains neutral with pair stuck in Thursday’s trading range. USD/CAD is trading at 1.3353 at press time, having defended Thursday’s low of 1.3325 early today. Despite the recovery, the immediate bias remains neutral. That’s because the pair is still trading well within the range of Thursday’s candle, whose long upper and lower wicks indicate indecision. A move above Thursday’s high of 1.3418 would mean the period of indecision has ended with a bullish breakout. That would open the doors to the 100-day simple moving average (SMA), currently at 1.3462. Alternatively, acceptance below Thursday’s low of 1.3325 would confirm a bearish reversal. With the 5- and 10-day SMAs trending north and the daily chart reporting a higher low and higher pattern, the odds appear stacked in favor of a break above Thursday’s high of 1.3418. Daily chart Trend: Bullish above 1.3418 Technical levels 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 BOE’s Haldane on new COVID-19 restrictions: ‘It’s for us to seize that opportunity’ FX Street 1 year USD/CAD has bounced up from Thursday's low of 1.3325. The immediate bias remains neutral with pair stuck in Thursday's trading range. USD/CAD is trading at 1.3353 at press time, having defended Thursday's low of 1.3325 early today. Despite the recovery, the immediate bias remains neutral. That's because the pair is still trading well within the range of Thursday's candle, whose long upper and lower wicks indicate indecision. A move above Thursday's high of 1.3418 would mean the period of indecision has ended with a bullish breakout. That would open the doors to the 100-day simple moving average (SMA), currently at 1.3462. … 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.
