USD/CAD steps back from monthly highs. Overbought RSI conditions, strong resistance favor pullback. With its refrain from rising much beyond 1.3350, coupled with overbought RSI conditions, USD/CAD seesaws around 1.3340 during the Asian session on Friday. The pair repeatedly fails to cross 1.3350 resistance-mark while overbought conditions of 14-bar relative strength index (RSI) indicate likely pullback. In doing so, a horizontal-line connecting September 18/19 tops to Thursday’s bottom around 1.3310 could be sellers’ immediate favorite, a break of which could trigger fresh downside towards 61.8% Fibonacci retracement of September month declines, at 1.3287. Should there be increased south-run past-1.3287, 50% Fibonacci retracement level of 1.3255 and 1.3230 could entertain bears ahead of challenging them with nearly a month-old rising trend-line close to 1.3310. Alternatively, pair’s sustained run-up beyond 1.3350 could propel it to a falling trend-line since June 18, at 1.3365, before activating a rally to 1.3385 and 1.3400 resistances. USD/CAD 4-hour chart Trend: pullback expected  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 Ex NiceHash CTO imprisoned over US hacking charges FX Street 3 years USD/CAD steps back from monthly highs. Overbought RSI conditions, strong resistance favor pullback. With its refrain from rising much beyond 1.3350, coupled with overbought RSI conditions, USD/CAD seesaws around 1.3340 during the Asian session on Friday. The pair repeatedly fails to cross 1.3350 resistance-mark while overbought conditions of 14-bar relative strength index (RSI) indicate likely pullback. In doing so, a horizontal-line connecting September 18/19 tops to Thursday's bottom around 1.3310 could be sellers' immediate favorite, a break of which could trigger fresh downside towards 61.8% Fibonacci retracement of September month declines, at 1.3287. Should there be increased south-run past-1.3287, 50%… 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.
