USD/CAD defended the 50-day moving average (MA) support on Tuesday with a long-tailed candle, which is widely considered an early warning of a potential bullish reversal. The trend change, however, would be confirmed only if the spot sees a convincing break above 1.3345 (high of the long-tailed doji) today. A close above 1.3345 would open the doors to re-test of recent highs above 1.3460. A close below 1.3250 (low of the long-tailed candle) could invite stronger bearish pressures. Daily chart Trend: Needs bull close above 1.3345 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 UK: Headline CPI to inch higher to 2.0% y/y – Barclays FX Street 4 years USD/CAD defended the 50-day moving average (MA) support on Tuesday with a long-tailed candle, which is widely considered an early warning of a potential bullish reversal. The trend change, however, would be confirmed only if the spot sees a convincing break above 1.3345 (high of the long-tailed doji) today. A close above 1.3345 would open the doors to re-test of recent highs above 1.3460. A close below 1.3250 (low of the long-tailed candle) could invite stronger bearish pressures. Daily chart Trend: Needs bull close above 1.3345 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.
