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USDCAD runs higher breaking above its 200 day moving average in the process. What next?
The USDCAD fell yesterday and in the process tested its 100-day moving average at 1.33975. On Tuesday the price fell below that moving average only to bounce back higher. The break below the 100 day moving average failed. Buyers leaned and pushed the price higher yesterday.In trading today, the price was able to extend above its higher 200-day moving average at 1.34615 and its 100-hour moving average 1.3476. The run to the upside was able to extend above its 200-hour moving average at 1.35123...
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Posted: Sep 21 2023, 15:44
Author Name: forexlive
Views: 112252