menu search

USDCAD corrects to the upside toward the falling 100 hour MA.

USDCAD corrects to the upside toward the falling 100 hour MA.
The USDCAD has bounced higher in trading today after reaching a new low going back to September 13. That low test today swing area between 1.3074 and 1.3083. The low price reached 1.3092 before bouncing higher.The rebound to the upside moved back above the 50% midpoint of the move down from the October 2021 load to the October 2022 high. That midpoint level comes in at 1.3132. That level is back to being a support level for the pair. Stay above keeps the buyers in play. The rotation to the upsid... Read More
Posted: Jul 14 2023, 15:31
Author Name: forexlive
Views: 110719

Search within

Pages Search Results: