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USDCAD complete up and down 70 pip lap in volatile holiday trading

USDCAD complete up and down 70 pip lap in volatile holiday trading

Tis the season....

The USDCAD moved down to an intraday low at 1.3624 at 9:05 AM ET. That low stalled right ahead of the 200 hour MA.

The next 2 hours saw the price move up to a new high for the day at 1.3694 at 11 AM ET. Admittedly that is the London fixing time. So it seems some USDCAD was on the list of currency pairs to buy at the fix.

From 11 AM ET to 12:30 PM ET, the price then moved all the way down to and through the earlier low at 1.3624 to a new day low but only... Read More

Posted: Dec 19 2022, 17:48
Author Name: forexlive
Views: 102287

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