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USDCAD can't extend above yesterday's high and falls to 100 hour MA support target

The USDCAD moved higher earlier in the day and in the process tested the high price from Friday near 1.3639. Those highs were short of another swing area near 1.36534. The inability to move above the high from Friday turned buyers into sellers. The weaker US data contributed to the decline from a fundamental standpoint.However, the last hour has seen the price move to test its rising 100-hour moving average. Recall from yesterday the price also tested its 100-hour moving average at session lows... Read More

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Usdcad

Can

Extend

Above

Yesterday

High

Falls

Hour

Yesterday s

Support

Target

Forex

Posted: Aug 29 2023, 16:53

Author Name: forexlive

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