The USD/CAD pair climbed to over one-month tops, around the 1.3270 region. Technical set-up support prospects for a further near-term appreciating move. The USD/CAD pair gained some follow-through traction for the fifth consecutive session on Thursday and climbed to fresh one-month tops, around the 1.3265-70 region during the early North-American session. Technical indicators on the daily chart have been gaining traction and support prospects for an extension of the ongoing appreciating move towards the very important 200-day SMA resistance near the 1.3275 region. Some follow-through buying beyond the mentioned barrier has the potential to lift the pair further towards the 1.3300 handle en-route five-month-old descending trend-line resistance near the 1.3325-30 region. On the flip side, immediate support is pegged near the 1.3235 horizontal zone and is followed by the 1.3200 round-figure mark, which if broken might accelerate the slide further towards the 1.3170-65 support zone. Failure to defend the latter will negate any prospects for any further near-term positive move and turn the pair vulnerable to accelerate the slide further towards challenging the 1.3100 round-figure mark. USD/CAD daily 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 NZD/USD is likely to keep the 0.6350/0.6465 range – UOB FX Street 3 years The USD/CAD pair climbed to over one-month tops, around the 1.3270 region. Technical set-up support prospects for a further near-term appreciating move. The USD/CAD pair gained some follow-through traction for the fifth consecutive session on Thursday and climbed to fresh one-month tops, around the 1.3265-70 region during the early North-American session. Technical indicators on the daily chart have been gaining traction and support prospects for an extension of the ongoing appreciating move towards the very important 200-day SMA resistance near the 1.3275 region. Some follow-through buying beyond the mentioned barrier has the potential to lift the pair further… 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.
