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USDCAD moves to a key swing area between 1.3207 and 1.3229

The USDCAD is down-testing a key support target between 1.3207 and 1.32299. Looking at the daily chart below, that level was a ceiling in July and September 2022, then became a floor since breaking above also in September 2022. The level was retested in November 2022 and the swing low earlier this year in January 2023 moved close to the level but ran out of steam. The low price reached 1.3261 in January.The low price in January was broken today, and the momentum has continued with the price rea... Read More

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Content Topics

Usdcad

Moves

Swing

Area

Between

3207

3229

1 3207

1 3229

Forex

Posted: Jun 15 2023, 19:27

Author Name: forexlive

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