USD/CAD remains mildly negative amid broad US dollar weakness. A short-term rising trend line questions the sellers. Buyers can look for entry beyond the one-week-old resistance trend line. Today’s US, Canadian employment data should be watched carefully. USD/CAD takes rounds to 1.3400, down 0.17%, during early Friday’s trading hours. While failures to cross February month high dragged the quote down, an ascending trend line since February 21, 2020, restricts the pair’s near-term declines. As a result, the bulls will remain hopeful of confronting the yearly high of 1.3465 on the upside break of the short-term falling trend line, currently near 1.3435. During the pair’s further upside beyond 1.3465, 1.3500 and May 2019 high near 1.3565 will return to the charts. Meanwhile, pair’s declines below the short-term support line of 1.3350 may take rest around 1.3320 and 1.3300 levels to the south. Though, the bears’ dominance past-1.3300 can push them nearer to the previous month low of 1.3202. USD/CAD four-hour chart Trend: Bullish 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 BOJ to ease monetary policy in March to counter coronavirus fears – Reuters Poll FX Street 2 years USD/CAD remains mildly negative amid broad US dollar weakness. A short-term rising trend line questions the sellers. Buyers can look for entry beyond the one-week-old resistance trend line. Today’s US, Canadian employment data should be watched carefully. USD/CAD takes rounds to 1.3400, down 0.17%, during early Friday’s trading hours. While failures to cross February month high dragged the quote down, an ascending trend line since February 21, 2020, restricts the pair’s near-term declines. As a result, the bulls will remain hopeful of confronting the yearly high of 1.3465 on the upside break of the short-term falling trend line, currently near 1.3435.… 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.
