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The sellers are winning in the USDCAD. What would turn that bias around?
In the USDCAD, the sellers have pushed the price below a swing area between 1.3207 and 1.32299. The low price just reached 1.31942. Staying below 1.32299 now would keep the sellers in firm control. The high price today reach 1.32398. A move above that level would target the swing low going back to Wednesday's trade near 1.3271. The falling 100-hour moving outcomes at 1.33026.All those levels would need to be broken and stay broken to give the buyers some confidence. Absent that, in the sellers r...
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Posted: Jun 16 2023, 14:26
Author Name: forexlive
Views: 112525