USD/CAD loses 150 pips on the back of the Bank of Canada hawkish tone. USD/CAD is now trading below the 1.2900 handle which is becoming resistance. USD/CAD is vulnerable to further losses if bears manage to keep the pair below the 1.2900 handle. USD/CAD 15-minute chart Spot rate: 1.2876 Relative change: -1.09% High: 1.3041 Low: 1.2850 Trend: Bearish Support 1: 1.2868 May 24 low Support 3: 1.2800 psychological figure Support 4: 1.2740 swing low (May 22) Resistance 1: 1.2900-1.2917 handle and swing high (May 24) Resistance 2: 1.2990, last week’s high Resistance 3: 1.3048 current week’s high 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 WTI jumps above $68.00 on OPEC headlines FX Street 5 years USD/CAD loses 150 pips on the back of the Bank of Canada hawkish tone. USD/CAD is now trading below the 1.2900 handle which is becoming resistance. USD/CAD is vulnerable to further losses if bears manage to keep the pair below the 1.2900 handle. USD/CAD 15-minute chart Spot rate: 1.2876 Relative change: -1.09% High: 1.3041 Low: 1.2850 Trend: … 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.
