USD/CAD nears the short-term key supports comprising 4H 200MA and a week-long ascending trend-line. 1.3200 seems to be the crucial resistance to watch during the upside. Failure to cross 1.3200 couldn’t bode well for sellers as USD/CAD stops declining around key short-term support confluence while making the rounds to 1.3140 during early Wednesday. 200-bar moving average on the 4-hour chart (4H 200MA) and seven-day-old ascending trend-line portrays 1.3135/37 as the key support area that buyers can avail to register a bounce towards 38.2% Fibonacci retracement of June-July downpour, at 1.3175 and then target 1.3200 round-figure. Should there be additional rise past-1.3200, June 21 top near 1.3230 and 61.8% Fibonacci retracement near 1.3275 may lure the bulls. Alternatively, a downside break of 1.3135 can take rest on 23.6% Fibonacci retracement level of 1.3115 whereas 1.3100 and month’s low near 1.3016 might please sellers afterward. Adding to note is declining 14-bar relative strength index (RSI) that can trigger the pullback if being oversold around the supports. USD/CAD 4-hour chart Trend: Pullback expected 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 Ripple Executives urge US Congressmen to clarify cryptocurrency regulations, price shows increasing bullish momentum FX Street 4 years USD/CAD nears the short-term key supports comprising 4H 200MA and a week-long ascending trend-line. 1.3200 seems to be the crucial resistance to watch during the upside. Failure to cross 1.3200 couldn't bode well for sellers as USD/CAD stops declining around key short-term support confluence while making the rounds to 1.3140 during early Wednesday. 200-bar moving average on the 4-hour chart (4H 200MA) and seven-day-old ascending trend-line portrays 1.3135/37 as the key support area that buyers can avail to register a bounce towards 38.2% Fibonacci retracement of June-July downpour, at 1.3175 and then target 1.3200 round-figure. Should there be additional rise… 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.
