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The USDCAD rebounds higher to test a key barometer at the 100 hour moving average

The USDCAD has spiked higher over the last few hours after testing the low from yesterday and a swing area down to 1.3494. The inability to extend with momentum to the downside gave buyers the opportunity to stick a toe in the water near the floor area. The last few hours have seen the price move higher. Oil prices may have contributed as they gave up early gains and now trade back below the $90 level.The rise in price has now taken the price to test this falling 100 hour moving average at 1.354... Read More

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Usdcad

Rebounds

Higher

Test

Barometer

Hour

Moving

Average

Forex

Posted: Sep 15 2023, 13:31

Author Name: forexlive

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