“¢ The pair stalled its recent sharp corrective slide and staged a solid bounce from 50% Fibonacci retracement level of the 1.3113-1.3469 up-move to snap four consecutive days of losing streak. “¢ The intraday recovery move has now lifted the pair beyond 38.2% Fibonacci retracement level and closer to 50-hour SMA, which should act as an important pivotal point for intraday bullish traders. “¢ Technical indicators on the daily chart remained in the bullish territory and have also started catching up with the positive momentum on the 1-hourly chart, supporting prospects for further intraday gains. “¢ However, it would be prudent to wait for a follow-through move beyond the mentioned SMA before traders start positioning aggressively for an up-move towards 61.8% Fibonacci retracement level. USD/CAD 1-hourly chart USD/CAD Overview: Today Last Price: 1.3337 Today Daily change: 37 pips Today Daily change %: 0.28% Today Daily Open: 1.33 Trends: Daily SMA20: 1.3276 Daily SMA50: 1.3267 Daily SMA100: 1.3297 Daily SMA200: 1.3183 Levels: Previous Daily High: 1.337 Previous Daily Low: 1.329 Previous Weekly High: 1.3469 Previous Weekly Low: 1.3275 Previous Monthly High: 1.3341 Previous Monthly Low: 1.3069 Daily Fibonacci 38.2%: 1.3321 Daily Fibonacci 61.8%: 1.3339 Daily Pivot Point S1: 1.3271 Daily Pivot Point S2: 1.3241 Daily Pivot Point S3: 1.3192 Daily Pivot Point R1: 1.335 Daily Pivot Point R2: 1.3399 Daily Pivot Point R3: 1.3429 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 US Dollar Index in session tops around 96.80 FX Street 4 years "¢ The pair stalled its recent sharp corrective slide and staged a solid bounce from 50% Fibonacci retracement level of the 1.3113-1.3469 up-move to snap four consecutive days of losing streak. "¢ The intraday recovery move has now lifted the pair beyond 38.2% Fibonacci retracement level and closer to 50-hour SMA, which should act as an important pivotal point for intraday bullish traders. "¢ Technical indicators on the daily chart remained in the bullish territory and have also started catching up with the positive momentum on the 1-hourly chart, supporting prospects for further intraday… 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.
