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The USDCAD is back up retesting the 100 hour MA for the 2nd time today

The USDCAD moved up to test the 100 hour MA earlier today and found sellers. The price moved down to a swing area between 1.33867 and 1.3400. The low reached 1.34049, just above the low of the area.

The price has moved back higher and once again tested the 100 hour moving average. That moving average is currently at 1.34706. The high price just reached 1.34701 and backed off once again. The current price is at 1.3451.

With the level now holding twice, increases the levels importa... Read More

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Posted: Dec 1 2022, 19:22

Author Name: forexlive

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