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USDCAD moves higher and runs away from 100/200 hour MAs

The USDCAD experienced a decline during the Asian and early European sessions, testing the high of a swing area with a low of 1.3600 and a high of 1.3616. Support emerged at the high of this swing area, prompting a move back above the 200 and 100-hour moving averages at 1.3630 and 1.36467, respectively (green and blue lines in the chart above). Notably, after the break, the price found support at the 100-hour moving average (indicated by the blue line) before advancing higher. This was a strong... Read More

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Usdcad

Moves

Higher

Runs

Away

From

100

200 Hour

100 200

Forex

Posted: Oct 18 2023, 14:11

Author Name: forexlive

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