USD/CAD broke below 1.3856/3793 to suggest a more important move lower, with the support seen initially at 1.3734 being currently tested, the Credit Suisse analyst team apprise. Key quotes “We turn our near-term bias to the downside and see support initially at 1.3734. Removal of here would see a move back to 2019 high at 1.3665, just ahead of the 61.8% retracement of the 2020 surge at 1.3609/08, where we would expect an initial attempt to floor the market.” “Resistance moves initially to 1.3805, then 1.3965, ahead of 1.4048, which needs to cap to keep the downside bias intact. Removal of here though would see a move back to the downtrend from late March at 1.4114/19.” 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 NZD/USD trades at fresh multi-month highs above 0.6200 FX Street 3 years USD/CAD broke below 1.3856/3793 to suggest a more important move lower, with the support seen initially at 1.3734 being currently tested, the Credit Suisse analyst team apprise. Key quotes “We turn our near-term bias to the downside and see support initially at 1.3734. Removal of here would see a move back to 2019 high at 1.3665, just ahead of the 61.8% retracement of the 2020 surge at 1.3609/08, where we would expect an initial attempt to floor the market.” “Resistance moves initially to 1.3805, then 1.3965, ahead of 1.4048, which needs to cap to keep the downside bias intact. Removal… 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.
