USD/CAD main bull trend is on hold as the bears are driving the market towards 1.2900 figure. USD/CAD is trading below its 50, 100 and 200-period simple moving average while the RSI, MACD and Stochastics are in negative territories. However, bears will need a convincing breakout below 1.2882 (September 20 low) in order to shift the bias to strong bearish. USD/CAD 4-hour chart Spot rate: 1.2923 Relative change: 0.92% High: 1.3051 Low: 1.2909 Main trend: Bullish Resistance 1: 1.2959 August 7 low Resistance 2: 1.3000 figure Resistance 3: 1.3048 August 14 low Resistance 4: 1.3108, September 7 low Resistance 5: 13200 figure Support 1: 1.2882 September 20 low Support 2: 1.2855-65 June 6 low – 200-day SMA Support 3: 1.2800 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 USD/CAD drops further on the back of GDP data and crude oil rally FX Street 4 years USD/CAD main bull trend is on hold as the bears are driving the market towards 1.2900 figure. USD/CAD is trading below its 50, 100 and 200-period simple moving average while the RSI, MACD and Stochastics are in negative territories. However, bears will need a convincing breakout below 1.2882 (September 20 low) in order to shift the bias to strong bearish. USD/CAD 4-hour chart Spot rate: 1.2923 Relative change: 0.92% High: 1.3051 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.
