USD/CAD fell about 100 pips this Wednesday on a combination of weak USD and stronger CAD led by higher oil prices. USD/CAD reached the 1.3053-1.3066 support zone and is currently consolidating the current drop. The next scaling points to the downside are seen near 1.2974 May 9 high and the 1.2900 figure while minor resistance is seen at 1.3080 intraday swing low and then at 1.3100-1.3120 figure and supply/demand level. USD/CAD 15-minute chart Spot rate: 1.3051 Relative change: -0.77% High: 1.3168 Low: 1.3031 Trend: Bearish Resistance 1: 1.3100-1.3120 figure and supply/demand level Resistance 2: 1.3155 June 18 low Resistance 3: 1.3200 figure Resistance 4: 1.3271 June 29 high Resistance 5: 1.3350 figure Resistance 6: 1.3388, 2018 high Resistance 7: 1.3543 June 9, 2017 swing high Support 1: 1.3053-1.3066 area June 5 swing high and July 9 low Support 2: 1.2974 May 9 high Support 3: 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 EU Official: Juncker, Trump to make a joint press statement FX Street 5 years USD/CAD fell about 100 pips this Wednesday on a combination of weak USD and stronger CAD led by higher oil prices. USD/CAD reached the 1.3053-1.3066 support zone and is currently consolidating the current drop. The next scaling points to the downside are seen near 1.2974 May 9 high and the 1.2900 figure while minor resistance is seen at 1.3080 intraday swing low and then at 1.3100-1.3120 figure and supply/demand level. USD/CAD 15-minute chart Spot rate: 1.3051 Relative change: -0.77% 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.
