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USD/CAD Price Analysis: Bears cheer break of key support below 1.3600

1 month ago   |   By FXCM

USD/CAD drops to three-month low, under 61.8% Fibonacci retracement.
200-day SMA, February month's high on the sellers' radar.
Buyers will refrain entries unless regaining the 1.3730/35 support-turned-resistance.
USD/CAD extends the previous day's heavy fall to 1.3553, down 0.13% on a day, amid the initial Asian session on Tuesday. In addition to the pair's declines below 100-day SMA and an ascending trend line from the early-March, sustain trading below 61.8% Fibonacci retracement of December 2019 to March 2020 upside also portrays the bears' dominance.
With that in the backdrop, sellers...
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