USD/CAD held steady above the 1.3400 mark, albeit lacked follow-through. The technical set-up continues to support prospects for further gains. The USD/CAD pair extended its sideways consolidative price action and was last seen trading just above the 1.3400 mark, near the top end of a two-day-old trading range. Given that the pair has been attracting some dip-buying near 200-hour SMA and has held above the 1.3385-90 support, the set-up remains tilted in favour of bullish traders. Meanwhile, technical indicators on hourly charts have just managed to hold in the positive territory and further support prospects for a further near-term appreciating move. However, it will be prudent to wait for some follow-through buying beyond the 1.3430-40 supply zone, above which the pair is likely to aim towards the key 1.3500 psychological mark. On the flip side, the 1.3380 region might continue to protect the immediate downside and is closely followed by the 200-hour SMA support near the 1.3360-50 region. Failure to defend the mentioned support levels might turn the pair vulnerable to accelerate the slide back towards challenging the 1.3300 mark amid sustained USD weakness. USD/CAD 1-hourly chart Technical levels to watch 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 NFP: Staggering increase should slow in March – Nordea FX Street 2 years USD/CAD held steady above the 1.3400 mark, albeit lacked follow-through. The technical set-up continues to support prospects for further gains. The USD/CAD pair extended its sideways consolidative price action and was last seen trading just above the 1.3400 mark, near the top end of a two-day-old trading range. Given that the pair has been attracting some dip-buying near 200-hour SMA and has held above the 1.3385-90 support, the set-up remains tilted in favour of bullish traders. Meanwhile, technical indicators on hourly charts have just managed to hold in the positive territory and further support prospects for a further near-term appreciating… 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.
