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USDCAD buyers had their shot above 200H MA/50% retracement and missed.Its the sellers turn

The USDCAD has seen buyers in the early North American session take the price higher and above its 200-hour moving average of 1.32314, and 50% midpoint of the move down from the July 6 high at 1.3239. The high price reached 1.32424, but could not sustain upside momentum. The price has since rotated back lower. We are currently testing - now moving below - its 100-hour moving at 1.31752. Staying below shifts the technical bias more to the downside. The low price from yesterday reached 1.3160. Bel... Read More

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Content Topics

Usdcad

Buyers

Their

Shot

Above

200h

Ma

50 Retracement

Ma 50

Missed its

Sellers

Forex

Posted: Jul 18 2023, 15:00

Author Name: forexlive

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