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USDCAD finds support buyers near the moving average support. What next for the pair?

USDCAD finds support buyers near the moving average support. What next for the pair?
You raise yourThe USDCAD continued its run to the downside in in the Asian session today, and in the process fell below the 50% midpoint of the move up from the September low to the October high at 1.35813. However, after reaching a low near 1.3570, the price bounced higher. What stalled the fall? The 200 bar moving average on the 4-hour chart gave traders some cause for pause (see green line on the chart below). Looking back in time, that moving average was resistance before breaking higher on... Read More
Posted: Oct 10 2023, 14:31
Author Name: forexlive
Views: 112440

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