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USDCAD back below 100 day MA/swing area

The USDCAD has been stepping to the downside in trading today after stalling the rise near a swing area between 1.3553 and 1.3566 on Friday and into the Asian session today. The inability to extend above 1.3566 gave the sellers the go-ahead to push lower in the European session. That move has moved back below a floor that held the pair from April 21 through May 5. On Friday the price moved above that old area extending to the next target swing area.The fall below that area and then the 100-day m... Read More

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Posted: May 15 2023, 13:25

Author Name: forexlive

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