“¢ The pair extended last week’s sharp rejection slide from 100-day SMA and remained under some selling pressure for the sixth session in the previous seven. “¢ A subsequent slide below the very important 200-day SMA, to hit near three-week lows around the 1.3125-20 region, clearly points to persistent selling interest. “¢ Bearish technical indicators on daily/4-hourly charts reinforce the negative outlook, though oversold conditions on the 1-hourly chart helped limit deeper losses. “¢ However, any attempted bounce back towards the mentioned MA, currently near mid-1.3100s might now be seen as an opportunity to initiate fresh bearish positions. “¢ The pair now seems poised to extend the bearish trajectory and break through the 1.3100 handle towards testing January swing lows, around the 1.3070-65 region. USD/CAD daily chart USD/CAD Overview: Today Last Price: 1.3124 Today Daily change %: -0.17% Today Daily Open: 1.3146 Trends: Daily SMA20: 1.3212 Daily SMA50: 1.3345 Daily SMA100: 1.3262 Daily SMA200: 1.3158 Levels: Previous Daily High: 1.3245 Previous Daily Low: 1.3134 Previous Weekly High: 1.3294 Previous Weekly Low: 1.3134 Previous Monthly High: 1.3664 Previous Monthly Low: 1.3118 Daily Fibonacci 38.2%: 1.3176 Daily Fibonacci 61.8%: 1.3203 Daily Pivot Point S1: 1.3104 Daily Pivot Point S2: 1.3063 Daily Pivot Point S3: 1.2992 Daily Pivot Point R1: 1.3216 Daily Pivot Point R2: 1.3287 Daily Pivot Point R3: 1.3328 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 Dutch PM Rutte: We are sleepwalking into a no-deal Brexit scenario FX Street 4 years "¢ The pair extended last week's sharp rejection slide from 100-day SMA and remained under some selling pressure for the sixth session in the previous seven. "¢ A subsequent slide below the very important 200-day SMA, to hit near three-week lows around the 1.3125-20 region, clearly points to persistent selling interest. "¢ Bearish technical indicators on daily/4-hourly charts reinforce the negative outlook, though oversold conditions on the 1-hourly chart helped limit deeper losses. "¢ However, any attempted bounce back towards the mentioned MA, currently near mid-1.3100s might now be seen as… 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.
