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Canada was on holiday on Monday but that did not stop the USDCAD from reaching a key level

Canada was on holiday on Monday but that did not stop the USDCAD from reaching a key level
Canada was on holiday on Monday, but that did not stop the pair from moving up to test its 100-day moving average. The level came in at 1.3398 and the high price for the day reached up to 1.3398. Willing sellers against the technical level put a lid on the pair and the price rotated back to the downside. The current price is trading at 1.3369.What next?On the daily chart, there is support down at 1.3300 up to 1.3320. Drilling down to the hourly chart, there is interim support against the rising... Read More
Posted: Aug 7 2023, 21:52
Author Name: forexlive
Views: 102034

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