USD/CAD main bull trend is taking a breather since late June. USD/CAD is holding near 1.2900 figure as the market is creating a double bottom with the late August lows. Bulls objective is to reach 1.3000 figure as the RSI, MACD and Stochastics indicators are slowly turning bullish. USD/CAD remains vulnerable to the downside and a resumption of the bear leg can invalidate the short-term bullish bias. USD/CAD 4-hour chart Spot rate: 1.2926 Relative change: 0.09% High: 1.2951 Low: 1.2907 Main trend: Bullish to Neutral 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 Support 1: 1.2885 August 28 swing 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 German Chancellor Merkel: Must agree on outlines of Brexit deal by November FX Street 5 years USD/CAD main bull trend is taking a breather since late June. USD/CAD is holding near 1.2900 figure as the market is creating a double bottom with the late August lows. Bulls objective is to reach 1.3000 figure as the RSI, MACD and Stochastics indicators are slowly turning bullish. USD/CAD remains vulnerable to the downside and a resumption of the bear leg can invalidate the short-term bullish bias. USD/CAD 4-hour chart Spot rate: 1.2926 Relative change: 0.09% 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.
