USD/CAD seesaws near three-month low. 23.6% Fibonacci retracement grabs buyers’ attention during recovery. Having registered the minimal difference between the open and close prices on Thursday, the USD/CAD pair flashes 1.3075 by the press time of early Friday. The pair marked a bullish Doji candlestick formation on the daily chart while oversold conditions of 14-day Relative Strength Index (RSI) also increase the odds for recovery. Even so, 23.6% Fibonacci retracement level of June-July downpour near 1.3145 could keep the prices in check ahead of highlighting 21-day Exponential Moving Average (EMA) level of 1.3175. In a case where the quote rallies past-1.3175 on a daily closing basis, 1.3200 and mid-month top around 1.3250 will lure buyers. On the flip side, pair’s declines below 1.3050 can challenge yearly bottom near 1.3015 whereas 1.3000 and 1.2880 may become bears’ favorite then after. USD/CAD daily chart Trend: recovery 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 NZD/USD technical analysis: Under pressure with head-and-shoulders breakdown on 1H FX Street 3 years USD/CAD seesaws near three-month low. 23.6% Fibonacci retracement grabs buyers' attention during recovery. Having registered the minimal difference between the open and close prices on Thursday, the USD/CAD pair flashes 1.3075 by the press time of early Friday. The pair marked a bullish Doji candlestick formation on the daily chart while oversold conditions of 14-day Relative Strength Index (RSI) also increase the odds for recovery. Even so, 23.6% Fibonacci retracement level of June-July downpour near 1.3145 could keep the prices in check ahead of highlighting 21-day Exponential Moving Average (EMA) level of 1.3175. In a case where the quote rallies… 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.
