“¢ The pair has been oscillating within a broader trading range over the past one-week or so and now seems to have formed a rectangle pattern on short-term charts. “¢ The top end of the rectangle coincides with the key 1.3500 psychological mark and should act as a key pivotal point for the pair’s next leg of a directional move. Meanwhile, technical indicators maintained their bullish bias on hourly/daily charts and support prospects for an eventual breakout on the higher side amid weaker Oil prices. A convincing break through the mentioned barrier should pave the way for further near-term appreciating move towards the 1.3520-25 supply zone before the pair eventually aims to reclaim the 1.3600 handle. Only a decisive break below the pattern support, near the 1.3400 round figure mark, might negate the bullish outlook and set the stage for a further near-term downfall towards testing the 1.3340-35 support zone. USD/CAD 1-hourly chart 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 Germany: Broad based gains in industrial production – TDS FX Street 3 years "¢ The pair has been oscillating within a broader trading range over the past one-week or so and now seems to have formed a rectangle pattern on short-term charts. "¢ The top end of the rectangle coincides with the key 1.3500 psychological mark and should act as a key pivotal point for the pair's next leg of a directional move. Meanwhile, technical indicators maintained their bullish bias on hourly/daily charts and support prospects for an eventual breakout on the higher side amid weaker Oil prices. A convincing break through the mentioned barrier should pave the… 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.
