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USDCAD falls below the lows going back to early May, but only just barely...

The USDCAD tried to extend above its 100-hour moving average yesterday and into the Asian session today (see blue line on the chart below), but rotated back below the key moving average level in the European session today. The US CPI pushed the price lower and below the lows from Friday and again yesterday near 1.33132. The price also dipped briefly below the early May low near the same level. The low price reached 1.3310, but that's it. The price has now rotated back toward the low from last T... Read More

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Content Topics

Usdcad

Falls

Below

Lows

Going

Back

Early

May

Only

Just

Barely

Forex

Posted: Jun 13 2023, 14:15

Author Name: forexlive

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