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USDCAD corrects into intraday resistance near 1.34306. Will the sellers enter?

The USDCAD trended lower as the price technically broke below its 200-day moving average near 1.3464. It's 38.2% retracement of the move up from the July low was also broken near that level.The run lower was also helped by higher CPI data, but after breaking below the 100-day moving average at 1.3398 and the 50% midpoint of the same move higher at 1.3393, sellers turned to buyers and the price corrected higher.What next?The price has moved up to test it falling 100 bar moving average on the 5-mi... Read More

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Content Topics

Usdcad

Corrects

Into

Intraday

Resistance

Near

34306

Will

1 34306

Sellers

Enter

Forex

Posted: Sep 19 2023, 15:33

Author Name: forexlive

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