The pair once again showed some resilience at lower levels and managed to recover the early lost ground to the 1.3200 mark, rather has turned positive for the third consecutive session. The mentioned support marks a descending trend-line resistance break-point and also coincides with 100-day SMA and should now act as a key pivotal point for the pair’s near-term trajectory. Technical indicators on the daily chart point to a slight positive bias but are yet to gain any meaningful traction on hourly charts and warrant caution before placing any aggressive bullish bets. Hence, it would prudent to wait for a strong follow-through buying before traders start positioning for a move beyond the 1.3370 immediate resistance towards reclaiming the 1.3400 round figure mark. USD/CAD daily chart USD/CAD Overview: Today Last Price: 1.3343 Today Daily change %: 0.05% Today Daily Open: 1.3336 Trends: Daily SMA20: 1.3282 Daily SMA50: 1.3262 Daily SMA100: 1.3302 Daily SMA200: 1.3187 Levels: Previous Daily High: 1.3374 Previous Daily Low: 1.3289 Previous Weekly High: 1.344 Previous Weekly Low: 1.3287 Previous Monthly High: 1.3341 Previous Monthly Low: 1.3069 Daily Fibonacci 38.2%: 1.3341 Daily Fibonacci 61.8%: 1.3322 Daily Pivot Point S1: 1.3292 Daily Pivot Point S2: 1.3249 Daily Pivot Point S3: 1.3208 Daily Pivot Point R1: 1.3376 Daily Pivot Point R2: 1.3417 Daily Pivot Point R3: 1.346 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 eases from March highs, stays in green above 0.6850 FX Street 4 years The pair once again showed some resilience at lower levels and managed to recover the early lost ground to the 1.3200 mark, rather has turned positive for the third consecutive session. The mentioned support marks a descending trend-line resistance break-point and also coincides with 100-day SMA and should now act as a key pivotal point for the pair's near-term trajectory. Technical indicators on the daily chart point to a slight positive bias but are yet to gain any meaningful traction on hourly charts and warrant caution before placing any aggressive bullish bets. Hence, it would prudent to wait for a… 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.
