USD/CAD is trading below the 1.3066 resistance and the 50, 100 and 200-period simple moving averages suggesting bearish pressure. USD/CAD is trading in a tight trading range for the third consecutive day, however USD/CAD is likely to keeps a bearish bias as long as it is contained below the 1.3120-1.3155 former congestion zone. A bear breakout below 1.3022, last week’s low, should lead to a continuation towards 1.2974, May 9 high and 1.2900 figure. USD/CAD 15-minute chart Spot rate: 1.3041 Relative change: -0.1% High: 1.3080 Low: 1.3035 Trend: Bearish Resistance 1: 1.3053-1.3066 area June 5 swing high and July 9 low Resistance 2: 1.3100-1.3120 figure and supply/demand level Resistance 3: 1.3155 June 18 low Resistance 4: 1.3200 figure Resistance 5: 1.3271 June 29 high Resistance 6: 1.3350 figure Resistance 7: 1.3388, 2018 high Resistance 8: 1.3543 June 9, 2017 swing high Support 1: 1.3022 last week 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 Bitcoin Cash price analysis: BCH/USD resumes downtrend below $840; breaks 100 SMA support FX Street 5 years USD/CAD is trading below the 1.3066 resistance and the 50, 100 and 200-period simple moving averages suggesting bearish pressure. USD/CAD is trading in a tight trading range for the third consecutive day, however USD/CAD is likely to keeps a bearish bias as long as it is contained below the 1.3120-1.3155 former congestion zone. A bear breakout below 1.3022, last week's low, should lead to a continuation towards 1.2974, May 9 high and 1.2900 figure. USD/CAD 15-minute chart Spot rate: 1.3041 Relative change: -0.1% 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.
