Repeated failures to clear 1.3500 portray the pair’s weakness. The three-week-old support-line limits immediate declines. Having witnessed another failure to successfully clear 1.3500, USD/CAD is taking the rounds near 1.3450 during early Friday. While 1.3500 seems challenging short-term buyers, an upward sloping trend-line since April 17 is acting as important downside support for sellers. Given the prices dip beneath 1.3445/40 support-line, 50% Fibonacci retracement of its late-April upside near 1.3400 can quickly appear on the chart while current month bottom near 1.3375 may please bears then after. If at all there prevails additional selling pressure past-1.3375, a horizontal-line connecting low since mid-April, at 1.3335, may grab the spotlight. On the contrary, 1.3480 can question the pair’s pullback ahead of 1.3500. However, pair’s sustained break of 1.3500 might not refrain from challenging late-April highs near 1.3520 and four-month long ascending resistance-line at 1.3545. USD/CAD 4-Hour chart Trend: Pullback expected  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 PBOC sets yuan reference rate at 6.7912 FX Street 3 years Repeated failures to clear 1.3500 portray the pair's weakness. The three-week-old support-line limits immediate declines. Having witnessed another failure to successfully clear 1.3500, USD/CAD is taking the rounds near 1.3450 during early Friday. While 1.3500 seems challenging short-term buyers, an upward sloping trend-line since April 17 is acting as important downside support for sellers. Given the prices dip beneath 1.3445/40 support-line, 50% Fibonacci retracement of its late-April upside near 1.3400 can quickly appear on the chart while current month bottom near 1.3375 may please bears then after. If at all there prevails additional selling pressure past-1.3375, a horizontal-line connecting low… 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.
