USD/CAD fell almost 140 pips from its daily high as the Canadian Retail Sales in May rose to 2% versus 1.1% expected. USD/CAD is now back below 1.3155 support level. However, given the current strong momentum, the market might need to test 1.3120 or beyond to find some decent support. USD/CAD is now trading below all its main moving averages suggesting a slowdown of the bull trend. USD/CAD 15-minute chart Spot rate: 1.3158 Relative change: -0.99% High: 1.3292 Low: 1.3138 Trend: Bullish / bearish correction Resistance 1: 1.3155 June 18 low Resistance 2: 1.3200 figure Resistance 3: 1.3271 June 29 high Resistance 4: 1.3350 figure Resistance 5: 1.3388, 2018 highResistance 6: 1.3543 June 9, 2017 swing high Support 1: 1.3120 demand level Support 2: 1.3066-1.3053 last week’s low and June 5, swing high Support 3: 1.2974 May 9 high Support 4: 1.2900 figure 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 China: More easing measures from Beijing to boost domestic growth – Nomura FX Street 5 years USD/CAD fell almost 140 pips from its daily high as the Canadian Retail Sales in May rose to 2% versus 1.1% expected. USD/CAD is now back below 1.3155 support level. However, given the current strong momentum, the market might need to test 1.3120 or beyond to find some decent support. USD/CAD is now trading below all its main moving averages suggesting a slowdown of the bull trend. USD/CAD 15-minute chart Spot rate: 1.3158 Relative change: -0.99% High: … 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.
