USDCAD: With the pair reversing its Tuesday gains to close lower on Wednesday, risk of a follow through lower is envisaged. Despite its present price hesitation downside threat remains while the pair holds below the 1.3100/49 zone. Resistance resides at the 1.3050 level followed by the 1.3100 level. Further out, the 1.3150 level comes in as the next resistance with a break turning attention to the 1.3200 level. Above here if seen will expose the 1.3300 level. On the downside, support lies at the 1.2900 level followed by the 1.2850 level. Further down, support resides at the 1.2800 level and then the 1.2750 level. Its daily RSI is bearish and pointing lower supporting this view. All in all, USDCAD remains biased to the downside on correction In our latest podcast, we ask: Will they or won’t they? We talk about the  Fed and also falling oil and silver. Follow us on Stitcher. FX Tech Strategy FX Tech Strategy FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012. View All Post By FX Tech Strategy Forex Bits share Read Next US retail sales +0.6% – better than expected – USD rises Yohay Elam 7 years USDCAD: With the pair reversing its Tuesday gains to close lower on Wednesday, risk of a follow through lower is envisaged. Despite its present price hesitation downside threat remains while the pair holds below the 1.3100/49 zone. Resistance resides at the 1.3050 level followed by the 1.3100 level. Further out, the 1.3150 level comes in as the next resistance with a break turning attention to the 1.3200 level. Above here if seen will expose the 1.3300 level. On the downside, support lies at the 1.2900 level followed by the 1.2850 level. Further down, support resides at the 1.2800 level and… 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.
