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USDCAD breaks lower and away from its 100 day moving average

The USDCAD moved sharply higher yesterday and in the process broke outside of a up-and-down trading range mainly between 1.3344 and 1.3444. The break gave buyers the go-ahead to push the upside. Near the end of the day, the 100 day moving average was tested and found sellers on the first look (see blue step line in the chart above).

In the early Asian session, the price backed off against the 100 day moving average but found support near 1.3483 and was able to extend above the 100 day m... Read More

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Content Topics

Usdcad

Breaks

Lower

Away

From

Moving

Average

Forex

Posted: Jan 19 2023, 15:12

Author Name: forexlive

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