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USDCAD finds willing sellers ag. targeted swing area, but remains above 100 hour MA too.

The USDCAD is trading in an up-and-down range today. The low in the Asian session was stalled near a swing area between 1.3687 and 1.3700. The rising 100-hour moving average is now in between that area at 1.36928 (see blue line in the chart below). If the price were to move below the 100-hour moving average and the swing area, the sellers would assume more control and in the short term. The 100-hour moving out stalled the fall on Friday, increasing the moving average's importance going forward.O... Read More

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Content Topics

Usdcad

Finds

Willing

Sellers

Targeted

Swing

Area

Remains

Forex

Posted: Oct 23 2023, 13:35

Author Name: forexlive

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