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USDCAD buyers are making a play from various perspectives. Find out the driving dynamics.
The USDCAD moved above the 38.2% retracement of the move down from the May 2023 high at 1.3306.On the hourly chart, the buyers have been trending the pair to the upside over the last 2 days with little in the way of corrections.On the 5-minute chart, after correcting lower into the Asian session, the price of the USDCAD started to trend to the upside and use its 100-bar moving average on the chart as a support level to propel the pair to the upside (see blue line on the chart below).In this vid...
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Posted: Aug 2 2023, 16:47
Author Name: forexlive
Views: 110783