USD/CAD trades below 61.8% Fibonacci retracement of July swing low to September swing high. A downward sloping trend-line since late-August could offer bounces during the quote’s south-run. An upside clearance of 1.3180 could trigger short-term recovery. USD/CAD stays below near-term key resistance, 61.8% Fibonacci retracement level, as it trades near 1.3150 amid Asian session on Wednesday. While sustained trading under strong upside barrier portrays the pair’s weakness, chances of its bounces off a falling trend-line since late-August lows, at 1.3125, can’t be denied. As a result, buyers still have a hope to rise past-61.8% Fibonacci retracement level of 1.3156 while aiming to reach three-day long falling trend-line, at 1.3180. Though, a break of which could trigger pair fresh upside towards August 27 low near 1.3225. In a case where prices slip below 1.3125 support-line, 1.3100 and July 18 bottom close to 1.3015 will flash on bears’ radar. 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 WTI technical analysis: Holding up in neutral territories, eyes 50% Fibonacci retracement level FX Street 4 years USD/CAD trades below 61.8% Fibonacci retracement of July swing low to September swing high. A downward sloping trend-line since late-August could offer bounces during the quote's south-run. An upside clearance of 1.3180 could trigger short-term recovery. USD/CAD stays below near-term key resistance, 61.8% Fibonacci retracement level, as it trades near 1.3150 amid Asian session on Wednesday. While sustained trading under strong upside barrier portrays the pair's weakness, chances of its bounces off a falling trend-line since late-August lows, at 1.3125, can't be denied. As a result, buyers still have a hope to rise past-61.8% Fibonacci retracement level of 1.3156 while… 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.
