USD/CAD is currently breaking out below the 1.3000 level as oil correlated-CAD is being boosted by a bullish spike in crude oil. USD/CAD bearish bias remains in place as long as the market doesn’t trade above the 1.3120-1.3155 zone. The scaling points to the downside are seen near 1.2974 May 9 high and 1.2900 figure. Later on in the day, the market is going to pay close attention to the FOMC statement at 18:00 GMT which can lead to high volatility. USD/CAD 15-minute chart Spot rate: 1.2980 Relative change: -0.21% High: 1.3034 Low: 1.2974 Trend: Bearish Resistance 1: 1.3000 figure Resistance 2: 1.3022 last week low Resistance 3: 1.3053-1.3066 area June 5 swing high and July 9 low Resistance 4: 1.3100-1.3120 figure and supply/demand level Resistance 5: 1.3155 June 18 low Resistance 6: 1.3200 figure Resistance 7: 1.3271 June 29 high Resistance 8: 1.3350 figure Resistance 9: 1.3388, 2018 high Resistance 10: 1.3543 June 9, 2017 swing high Support 1: 1.2974 May 9 high Support 2: 1.2900 figure Support 3: 1.2855 June 6 low 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 Coinsquare lists XRP on its beta trading platform: Ripple price reacts with a 3.4% surge FX Street 5 years USD/CAD is currently breaking out below the 1.3000 level as oil correlated-CAD is being boosted by a bullish spike in crude oil. USD/CAD bearish bias remains in place as long as the market doesn't trade above the 1.3120-1.3155 zone. The scaling points to the downside are seen near 1.2974 May 9 high and 1.2900 figure. Later on in the day, the market is going to pay close attention to the FOMC statement at 18:00 GMT which can lead to high volatility. USD/CAD 15-minute chart Spot rate: 1.2980 Relative change: … 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.
