USD/CAD moves sideways around 1.3510 during European hours on Thursday.
USD/CAD could test the immediate barrier at the nine-day EMA at 1.3521 level, followed by the 14-day EMA at 1.3546 level. The momentum indicator MACD shows a convergence below the signal line, suggesting a weakening of the bearish trend. The psychological level of 1.3500 appears as the immediate support for the pair. Analysis of the daily chart indicates a bearish bias for the USD/CAD pair, as the nine-day Exponential Moving Average is positioned below the 14-day EMA.
3521 level, followed by the 14-day EMA at 1.3546 level. A breakthrough above these EMAs could weaken the bearish bias and lead the pair to test the throwback support turns into a pullback resistance level at 1.3590, followed by the psychological level of 1.3600. USD/CAD: Daily Chart Canadian Dollar PRICE Today The table below shows the percentage change of Canadian Dollar against listed major currencies today. Canadian Dollar was the weakest against the British Pound.
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