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USDCAD finds sellers at the 200 hour MA today
The USDCAD moved higher in early North American trading today, and in the process the price moved up to test it's 200 hour moving average. The 200 hour moving average (green line in the chart above) comes in a 1.33477. The high price reached 1.33469, stalled, and rotated back to the downside.
At the high, the price was also testing a swing area where there had been a number of swing lows going back to January 9. That swing area comes between 1.3339 and 1.3358 (see red circles).
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Posted: Feb 2 2023, 19:06
Author Name: forexlive
Views: 110782
