USD/CAD is back near the notorious 1.3120-1.3155 range of the past weeks. USD/CAD had a strong 140-pips drop last Friday and the currency pair is trading below its 200-period simple moving average. If the slowdown in the bullish momentum sees a bear breakout below 1.3120 it can lead to an acceleration towards 1.3066-1.3053. As long as USD/CAD stays below 1.3155-1.3200 and the 200-period SMA, the risk of a bearish reversal persists. USD/CAD 15-minute chart Spot rate: 1.3157 Relative change: 0.07% High: 1.3163 Low: 1.3114 Trend: Bullish / Risk of bearish reversal Resistance 1: 1.3155 June 18 low Resistance 2: 1.3200 figure Resistance 3: 1.3271 June 29 high Resistance 4: 1.3350 figure Resistance 5: 1.3388, 2018 highResistance 6: 1.3543 June 9, 2017 swing high Support 1: 1.3120 demand level Support 2: 1.3066-1.3053 July 9low and June 5 swing high Support 3: 1.2974 May 9 high Support 4: 1.2900 figure 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 The US Chamber of Commerce requests the SEC and the CFTC to clear regulation uncertainty FX Street 5 years USD/CAD is back near the notorious 1.3120-1.3155 range of the past weeks. USD/CAD had a strong 140-pips drop last Friday and the currency pair is trading below its 200-period simple moving average. If the slowdown in the bullish momentum sees a bear breakout below 1.3120 it can lead to an acceleration towards 1.3066-1.3053. As long as USD/CAD stays below 1.3155-1.3200 and the 200-period SMA, the risk of a bearish reversal persists. USD/CAD 15-minute chart Spot rate: 1.3157 Relative change: 0.07% High: … 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.
