USD/CAD doing a short-lived correction

USD/CAD doing a short-lived correction

USD/CAD plummeted strongly on last Friday after positive data from Canada. Currently, the pair is trading off from its Friday’s lows and a corrective move is taking place across the board. The next target to the upside should be the 50% Fibonacci level at 1.2454, at which we can expect a strong resistance in order to resume the bearish bias towards the -23.6% Fibo zone at 1.2306.

RSI indicator is moving in the neutral territory.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera