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USDCAD back in the up and down trading range but 100 hour MA stalls the rally (for now)

The USDCAD moved back into the up and down swing area which if you include the quick dip below the 1.3499 level down to 1.3494. The high of the lower swing area extended up to 1.3510.

The price moved above the 38.2% at 1.3499. It moved above the swing area up to 1.3510, but the sellers may be still hopeful that the 100 hour MA (blue line in the chart above) at 1.35263, is helping to stall the rally. The high from yesterday and a swing high from Monday comes in at the same area at 1.35... Read More

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Content Topics

Usdcad

Back

Down

Trading

Range

Hour

Stalls

Rally

For

Now

Forex

Posted: Nov 9 2022, 19:28

Author Name: forexlive

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