The USD/CAD market has created back-to-back doji candle on the daily chart, signaling indecision near 1.33. A close below 1.3289 (the low of the doji candle) would signal a resumption of the sell-off from the recent highs above 1.3460. Further, the probability of the spot finding acceptance under 1.3289 would rise if the diamond pattern seen in the 4-hour chart is breached to the downside. On the other hand, the odds of the pair revisiting 1.34 would strengthen if the diamond pattern is breached to the higher side. As of writing, the spot is trading at 1.330 with diamond resistance and support, currently at 1.3363 and 1.3313, respectively. 4-hour chart Daily chart Trend: Bearish below 1.3289 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 One-month HIBOR hits highest since Jan. 22 FX Street 4 years The USD/CAD market has created back-to-back doji candle on the daily chart, signaling indecision near 1.33. A close below 1.3289 (the low of the doji candle) would signal a resumption of the sell-off from the recent highs above 1.3460. Further, the probability of the spot finding acceptance under 1.3289 would rise if the diamond pattern seen in the 4-hour chart is breached to the downside. On the other hand, the odds of the pair revisiting 1.34 would strengthen if the diamond pattern is breached to the higher side. As of writing, the spot is trading at 1.330 with… 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.
