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USDCAD moves to a new session low ahead of Fed rate decision

The USDCAD is trading to a low of 1.32722. That took out the swing low from February 15 at 1.3273 and trades at the lowest level since February 2. The low price for the year was also on February 2 at 1.32613. Move below that level and trades will target a key swing area between 1.3207 and 1.32299 (see red numbered circles on the chart above). The price had a ceiling in that area before breaking above in September 2022. The area was revisited in November 2022 before moving to the upside. A revisi... Read More

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Posted: Jun 14 2023, 16:47

Author Name: forexlive

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