USD/CAD has once again broken below the 1.3000 figure but earlier in the week all such attempts resulted in failed breakout below the level. However, this time around bulls might have grown tired of supporting the market. If Friday closes below 1.3000 the market might be getting ready for a bearish continuation towards 1.2900 figure. If the day closes above 1.3000 then the status quo is likely to stay unchanged with more of the same. Resistances are seen near 1.3000, 1.3022 and 1.3053-1.3066 area. USD/CAD 15-minute chart Spot rate: 1.2976 Relative change: -0.37% High: 1.3041 Low: 1.2971 Trend: Bearish Resistance 1: 1.3000 figure Resistance 2: 1.3022 last week low Resistance 3: 1.3053-1.3066 area, June 5 swing high and July 9 low Resistance 4: 1.3100-1.3120 figure and supply/demand level Resistance 5: 1.3155 June 18 low Resistance 6: 1.3200 figure Resistance 7: 1.3271 June 29 high Resistance 8: 1.3350 figure Resistance 9: 1.3388, 2018 high Resistance 10: 1.3543 June 9, 2017 swing high Support 1: 1.2974 May 9 high Support 2: 1.2900 figure Support 3: 1.2855 June 6 low 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 The Dutch Central Bank reckons “we do not consider it [cryptocurrency] to be money” FX Street 5 years USD/CAD has once again broken below the 1.3000 figure but earlier in the week all such attempts resulted in failed breakout below the level. However, this time around bulls might have grown tired of supporting the market. If Friday closes below 1.3000 the market might be getting ready for a bearish continuation towards 1.2900 figure. If the day closes above 1.3000 then the status quo is likely to stay unchanged with more of the same. Resistances are seen near 1.3000, 1.3022 and 1.3053-1.3066 area. USD/CAD 15-minute chart Spot rate: 1.2976 Relative… 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.
