“¢ The pair has been oscillating within a downward sloping trading range and has struggled to decisively move back above 50-day SMA barrier. “¢ With short-term technical indicators gradually picking up positive momentum on the shorter time frame, expectations for a strong US Q2 GDP print was seen lending some support. “¢ However, even the slightest of disappointment would be enough to prompt some aggressive fresh selling and turn the pair vulnerable to head back towards challenging the key 1.3000 psychological mark. USD/CAD 30-mins chart Spot rate: 1.3073 Daily Low: 1.3053 Trend: Neutral Resistance R1: 1.3100 (round figure mark) R2: 1.3135 (R2 daily pivot-point) R3: 1.3181 (200-period SMA H4) Support S1: 1.3053 (current day swing low) S2: 1.3000 (psychological round figure mark) S3: 1.2962 (S3 daily pivot-point) 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 EUR/JPY Technical Analysis: Eroding the support line, but contention seen around the 129.00 handle FX Street 5 years "¢ The pair has been oscillating within a downward sloping trading range and has struggled to decisively move back above 50-day SMA barrier. "¢ With short-term technical indicators gradually picking up positive momentum on the shorter time frame, expectations for a strong US Q2 GDP print was seen lending some support. "¢ However, even the slightest of disappointment would be enough to prompt some aggressive fresh selling and turn the pair vulnerable to head back towards challenging the key 1.3000 psychological mark. USD/CAD 30-mins chart Spot rate: 1.3073 Daily Low: 1.3053 Trend:… 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.
