USD/CAD bears took the lead and drove the currency pair below the 1.3000 support level after breaking below 1.3022 last week low. USD/CAD has pulled back up from the daily low and is currently testing the 1.3022 level which has now become resistance. The gap between the 50-period simple moving average (SMA) is starting to widen relative to the 200 SMA suggesting that bearish momentum is building up, however, a clear breakout below 1.3000 would add extra-confirmation to the bearish bias. USD/CAD 15-minute chart Spot rate: 1.3014 Relative change: -0.3% High: 1.3080 Low: 1.2991 Trend: Bearish Resistance 1: 1.3022 last week low Resistance 2: 1.3053-1.3066 area June 5 swing high and July 9 low Resistance 3: 1.3100-1.3120 figure and supply/demand level Resistance 4: 1.3155 June 18 low Resistance 5: 1.3200 figure Resistance 6: 1.3271 June 29 high Resistance 7: 1.3350 figure Resistance 8: 1.3388, 2018 high Resistance 9: 1.3543 June 9, 2017 swing high Support 1: 1.3000 figure Support 2: 1.2974 May 9 high Support 3: 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 Ethereum Technical Analysis: ETH/USD remains stuck within the stubborn $400 territory, no sign of an escape from this sleepy price action FX Street 5 years USD/CAD bears took the lead and drove the currency pair below the 1.3000 support level after breaking below 1.3022 last week low. USD/CAD has pulled back up from the daily low and is currently testing the 1.3022 level which has now become resistance. The gap between the 50-period simple moving average (SMA) is starting to widen relative to the 200 SMA suggesting that bearish momentum is building up, however, a clear breakout below 1.3000 would add extra-confirmation to the bearish bias. USD/CAD 15-minute chart Spot rate: 1.3014 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.
