USD/CAD buyers again aim for 200-day SMA. The 11-week-old falling trend line adds to the resistance. 23.6% of Fibonacci retracement limit immediate declines. Having bounced off 100-day SMA, USD/CAD again aims at 200-day SMA while taking the bids to 1.3215 during the Asian session on Tuesday. In addition to the 200-day Simple Moving Average (SMA) level of 1.3276, 50% Fibonacci retracement level of June-July downpour at 1.3290 and a descending trend line since September 03 also challenge bulls around 1.3315. On the downside, pair’s daily closing below 100-day SMA level of 1.3200 could drag it closer to 23.6% Fibonacci retracement, at 1.3145. Though, any further declines below 1.3145 might not hesitate to drag the pair towards 1.3100/1.3095 support area. USD/CAD daily chart Trend: Bearish 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 Bitcoin price prediction: No strong support levels are keeping BTC/USD in the $8,000 zone – Confluence Detector FX Street 3 years USD/CAD buyers again aim for 200-day SMA. The 11-week-old falling trend line adds to the resistance. 23.6% of Fibonacci retracement limit immediate declines. Having bounced off 100-day SMA, USD/CAD again aims at 200-day SMA while taking the bids to 1.3215 during the Asian session on Tuesday. In addition to the 200-day Simple Moving Average (SMA) level of 1.3276, 50% Fibonacci retracement level of June-July downpour at 1.3290 and a descending trend line since September 03 also challenge bulls around 1.3315. On the downside, pair's daily closing below 100-day SMA level of 1.3200 could drag it closer to 23.6% Fibonacci retracement,… 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.
