USD/CAD eases from 1.3560, still above the key SMA. The monthly falling trend line offers immediate upside barrier.1.3440/35 acts as additional support
USD/CAD eases from 1.3560, still above the key SMA. The monthly falling trend line offers immediate upside barrier.1.3440/35 acts as additional support ahead of June 10 bottom. USD/CAD Despite the latest pullback from 1.3529 to 1.3538, USD/CAD prints 0.10% loss during Wednesday’s Asian session. In doing so, the quote defies Tuesday’s recovery moves from 200-day SMA while still staying below a downward sloping trend line from May 29. Other than the said trend line resistance, 23.6% Fibonacci retracement of March-June fall and June 15 top, respectively around 1.3635 and 1.3685, also question the optimists.