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USDCAD makes a break for it. Extends above 200 hour MA with momentum
The USDCAD is making a break above the 200 hour MA and 38.2% of the move down from the high from last week (start of the last trend leg down that bottomed near the 100 day MA this week).
The break has been met with more momentum. The next target is at the 50% of the same move lower at 1.33977. The high from yesterday tested that level reaching a high of 1.3400 (just above that target), but momentum died and the price rotated back to the downside. The 1.34078 is another old floor from... Read More
Posted: Nov 18 2022, 14:37
Author Name: forexlive
Views: 102162
