USD/CAD tried to breakout above the 1.3200 level in early Europe but the market decided to reverse down before reaching the figure. USD/CAD is now back just above 1.3155 which acted as an important support/resistance level in the past weeks. As USD/CAD is increasingly range bound, the directionality of the currency pair stays uncertain. However, a strong bear breakout below 1.3120 could open the doors to further losses towards 1.3066-1.3053 area. USD/CAD 15-minute chart Spot rate: 1.3166 Relative change: -0.05% High: 1.3193 Low: 1.3139 Trend: Neutral Resistance 1: 1.3200 figure Resistance 2: 1.3271 June 29 high Resistance 3: 1.3350 figure Resistance 4: 1.3388, 2018 highResistance 5: 1.3543 June 9, 2017 swing high Support 1: 1.3155 June 18 low Support 2: 1.3120 demand level Support 3: 1.3066-1.3053 July 9low and June 5 swing high Support 4: 1.2974 May 9 high Support 5: 1.2900 figure 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 Review: Reclaims 0.6800 handle, bulls targeting 2-week old trend-line resistance FX Street 5 years USD/CAD tried to breakout above the 1.3200 level in early Europe but the market decided to reverse down before reaching the figure. USD/CAD is now back just above 1.3155 which acted as an important support/resistance level in the past weeks. As USD/CAD is increasingly range bound, the directionality of the currency pair stays uncertain. However, a strong bear breakout below 1.3120 could open the doors to further losses towards 1.3066-1.3053 area. USD/CAD 15-minute chart Spot rate: 1.3166 Relative change: -0.05% High: … 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.
