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USDCAD falls back below the 100/200 hour MAs and that tilts the bias back down

The USDCAD traded in a narrow band last week of about 120 pips. The price closed near the highs and above the 30.2% retracement of the July trading range at 1.3204.In trading today, the Asian-Pacific session saw the price initially moved to the upside but stall ahead of the high price from last Monday and Tuesday. The price moved back below the 38.2% retracement level (@ 1.3204), and buyers turned to sellers. When the converged 100 and 200-hour moving averages were broken near 1.3176, that gave... Read More

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Usdcad

Falls

Back

Below

100

200 Hour

That

Tilts

Bias

100 200

Forex

Posted: Jul 24 2023, 16:28

Author Name: forexlive

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