USD/CAD has found support at 1.3155 support after the currency pair pulled back from its daily high. USD/CAD bias is quite bullish, especially if the market stays above the 1.3120-1.3155 area. The momentum is not particularly strong but remains healthy as USD/CAD trades above its 200-period simple moving average. USD/CAD bulls next objective is to breakout above the descending trendline and the 1.3200 resistance to then target 1.3271 June 29 high. USD/CAD 15-minute chart Spot rate: 1.3167 Relative change: -0.31% High: 1.3221 Low: 1.3148 Trend: Bullish Resistance 1: 1.3200 figure Resistance 2: 1.3271 June 29 high Resistance 3: 1.3350 figure Resistance 4: 1.3388, 2018 high Resistance 5: 1.3543 June 9, 2017 swing high6 Support 1: 1.3155 June 18 low Support 2: 1.3120 demand level Support 3: 1.3066-1.3053 weekly low and June 5, swing high Support 4: 1.2974 May 9 high Support 5: 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 Bitcoin price analysis: BTC/USD battles for support above $6,100, Bank of Finland calls cryptocurrencies an “illusion” FX Street 5 years USD/CAD has found support at 1.3155 support after the currency pair pulled back from its daily high. USD/CAD bias is quite bullish, especially if the market stays above the 1.3120-1.3155 area. The momentum is not particularly strong but remains healthy as USD/CAD trades above its 200-period simple moving average. USD/CAD bulls next objective is to breakout above the descending trendline and the 1.3200 resistance to then target 1.3271 June 29 high. USD/CAD 15-minute chart Spot rate: 1.3167 Relative change: -0.31% 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.
