USD/CAD buyers fall short of clearing 1.3245/50 resistance-confluence. 50% Fibonacci retracement, 200-bar SMA adds to the resistance. Following its failure to rise past near-term key trend lines, USD/CAD witnesses a pullback to 1.3225 during Tuesday’s Asian session. Not only a downward slopping trend line connecting tops marked since last week but an upward sloping resistance line (previous support) ranging from early September also contributes to highlighting 1.3245/50 as a tough nut to crack for buyers. As a result, prices are likely to revisit 23.6% Fibonacci retracement of September month declines, at 1.3193 ahead of diverting sellers to 1.3160 and 1.3130 rest-points. On the contrary, pair’s successful break above 1.3250 needs to clear 1.3255/60 area comprising 50% Fibonacci retracement and 200-bar Simple Moving Average (SMA) to justify its strength in targeting 1.3290 and 1.3310 numbers to the north. 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 USD/IDR draws bids to 14,170 with eyes on Indonesia trade data FX Street 4 years USD/CAD buyers fall short of clearing 1.3245/50 resistance-confluence. 50% Fibonacci retracement, 200-bar SMA adds to the resistance. Following its failure to rise past near-term key trend lines, USD/CAD witnesses a pullback to 1.3225 during Tuesday's Asian session. Not only a downward slopping trend line connecting tops marked since last week but an upward sloping resistance line (previous support) ranging from early September also contributes to highlighting 1.3245/50 as a tough nut to crack for buyers. As a result, prices are likely to revisit 23.6% Fibonacci retracement of September month declines, at 1.3193 ahead of diverting sellers to 1.3160 and 1.3130… 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.
