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USDCAD experiences uncertainty as the trend higher from last week is stalling today

USDCAD experiences uncertainty as the trend higher from last week is stalling today
Today, the USDCAD pair reached its highest level since March 30, 2023, briefly surpassing Friday's high at 1.35627. However, the price could only climb to 1.3566 before swiftly reversing course. Buyers attempted to push the price higher but were unsuccessful - they failed. The subsequent decline brought the price back below the lower 100-day moving average at 1.35268 (blue step line on the chart above). Although the low reached 1.35216, the momentum faded, and the price bounced back up.The price... Read More
Posted: Apr 24 2023, 14:47
Author Name: forexlive
Views: 102686

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