menu search

USDCAD finally breaks above the 200 hour moving average.

USDCAD finally breaks above the 200 hour moving average.
The USDCAD has been trending lower since peaking at the end of May near 1.36539. Just yesterday the low price extended to 1.3117. That was the lowest level since September 2022.The move to the downside has seen corrective price action where the price has been able to extend above the 100-hour moving average. However, on each of those breaks, the price has fallen short of its 200-hour moving average (green line in the chart below). That is until today.In the early Asian session, the price moved a... Read More
Posted: Jun 28 2023, 14:19
Author Name: forexlive
Views: 102699

Search within

Pages Search Results: