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USDCAD moves lower after BOC Macklem's comments

The USDCAD has moved lower after BOC Macklem's more hawkish comments. Technically the price moved below its 200-hour moving average at 1.3662. And now approaches the 38.2% retracement of the move up from the September 19 low at 1.3629 and more importantly the 100-hour moving average at 1.36152.Earlier this week, the price based near its 50% midpoint of the move up from the September 19 low at 1.35813 (see chart below). Looking at the 4-hour chart below, the price also based at week lows, against... Read More

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Usdcad

Moves

Lower

After

Macklem

Comments

Macklem s

Forex

Posted: Oct 13 2023, 14:41

Author Name: forexlive

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