USD/CAD bull leg is losing momentum as it is finding resistance near the 1.3000 figure and the 200-period simple moving average on the 4-hour chart. A breakout below 1.2950 should initially target 1.2900 figure and then 1.2800 if the bears can gain some more traction. A bull breakout above 1.3000 would invalidate the bearish bias. USD/CAD 4-hour chart Spot rate: 1.2987 Relative change: 0.34% High: 1.2988 Low: 1.2926 Main trend: Neutral Resistance 1: 1.3000 figure Resistance 3: 1.3048 August 14 low Resistance 4: 1.3108, September 7 low Resistance 5: 13200 figure Support 1: 1.2950-59 multi-month resistance and August 7 low Support 2: 1.2882-1.2900 September 20 low and figure Support 3: 1.2855-65 June 6 low – 200-day SMA Support 4: 1.2800 figure Support 5: 1.2727 May 11 low 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 GBP/USD advances to fresh 2-week highs above 1.32 on USD weakness & Brexit headlines FX Street 4 years USD/CAD bull leg is losing momentum as it is finding resistance near the 1.3000 figure and the 200-period simple moving average on the 4-hour chart. A breakout below 1.2950 should initially target 1.2900 figure and then 1.2800 if the bears can gain some more traction. A bull breakout above 1.3000 would invalidate the bearish bias. USD/CAD 4-hour chart Spot rate: 1.2987 Relative change: 0.34% High: 1.2988 Low: … 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.
