Subscribe To
Buyers are making a play in the USDCAD today. Price moves above 38.2% retracement.

The USDCAD buyers are making a play with a move above the 38.2% retracement of move down from the September high at 1.34987. The price is also trying to extend above a swing area between 1.3488 and 1.35024. Getting and stay above that area would have traders looking toward the high price from last Thursday at 1.35229 and then the 200 and 100 bar moving averages on the 4-hour chart and the 50% midpoint of the same move down. That cluster of resistance comes between 1.3536 and 1.3543 (see green a...
Read More
Posted: Sep 26 2023, 13:29
Author Name: forexlive
Views: 090870