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Buyers in the USDCAD taking a breather
The USDCAD has raced higher in trading today and in the process really had limited corrective price action. There was a brief consolidation after the better-than-expected GDP, but it has been racing back to the upside over the last few hours. However, the last 20 minutes have seen a rotation to the downside. The buyers are taking a breath.
What next?
When the market trends, I like to watch the 38.2% – 50% correction zone of the last trend leg. That leg started at 1.3536 and exten... Read More
Posted: Nov 29 2022, 17:52
Author Name: forexlive
Views: 111953