“¢ The pair trimmed some of its early gains to 2-1/2 week tops, nearing a resistance marked by 61.8% Fibonacci retracement level of the 1.3386-1.3064 downfall. “¢ A modest USD retracement seemed to be the only factor prompting some profit-taking amid overbought conditions on the 1-hourly chart. “¢ The fact that the pair has managed to hold above an important resistance break-point, coinciding with 50% Fibonacci retracement level, support prospects for additional near-term up-move. USD/CAD 1-hourly chart Spot rate: 1.3235 Daily Low: 1.3190 Daily High: 1.3260 Trend: Bullish Resistance R1: 1.3260 (current day swing high) R2: 1.3300 (round figure mark) R3: 1.3354 (R2 daily pivot-point) Support S1: 1.3220 (important resistance break-point) S2: 1.3190 (current day low) S3: 1.3167 (50-period SMA H1) 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 Trade wars: The writing is on the wall, markets don’t bother reading it Yohay Elam 5 years "¢ The pair trimmed some of its early gains to 2-1/2 week tops, nearing a resistance marked by 61.8% Fibonacci retracement level of the 1.3386-1.3064 downfall. "¢ A modest USD retracement seemed to be the only factor prompting some profit-taking amid overbought conditions on the 1-hourly chart. "¢ The fact that the pair has managed to hold above an important resistance break-point, coinciding with 50% Fibonacci retracement level, support prospects for additional near-term up-move. USD/CAD 1-hourly chart Spot rate: 1.3235 Daily Low: 1.3190 Daily High: 1.3260 Trend: Bullish Resistance R1: 1.3260 (current day… 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.
