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USDCAD approaches Key levels as it reaches a new session high

USDCAD approaches Key levels as it reaches a new session high
Although currency markets remain relatively quiet today, the USDCAD has climbed to a new session high. The current low-to-high trading range is a modest 49 pips, compared to the 80-pip average over the past 22 trading days (approximately one month). A break to a new high could potentially generate further momentum in the same direction.However, the pair is nearing several critical levels, including two moving averages and a retracement level:The 200-day moving average is at 1.3398.The descending... Read More
Posted: Apr 17 2023, 13:19
Author Name: forexlive
Views: 111765

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