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Here we go again. The USDCAD back above 100 hour MA. Can the 200 hour MA be broken next?

Here we go again. The USDCAD back above 100 hour MA. Can the 200 hour MA be broken next?
Here we go again.The USDCAD has been trending more to the downside. This week a new low was made going back to September 2022. On the move to the downside, there have been corrective moves higher which have seen the price of the pair move above its 100-hour moving average (blue line in the chart below). However, on each of those breaks, the price has run out of upside steam well before reaching its 200-hour moving average (green line in the chart below). That kept the sellers more in control.To... Read More
Posted: Jun 23 2023, 14:07
Author Name: forexlive
Views: 102631

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