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Intraday Market Analysis – CAD still under pressure

Intraday Market Analysis – CAD still under pressure
USDCAD tests key resistance The Canadian dollar struggles over plunging oil prices amid demand concerns. On the daily chart, the outlook remains positive and crossing moving averages may suggest a potential acceleration to the upside. The pair hit resistance at the former support at 1.3700 and led some intraday traders to take profit. A bullish […] The post Intraday Market Analysis – CAD still under pressure appeared first on Orbex Forex Trading Blog... Read More
Posted: Dec 13 2022, 07:26
Author Name: orbex
Views: 110639

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