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USDCAD sellers take the price below key 100/200 day MAs tilting the bias to the downside

The key move technically in the USDCAD last week, was the move back below the 100 and 200 day MAs. That tilted the bias more to the downside for the pair from a technical perspective.The other thing of note from the daily chart is the convergence of the 100/200-day MAs. That is indicative of a non-trending longer-term market which could be a clue for a break outside of the range... soon. Non-trend transitions to trend. The video will outline the levels that would keep the bearish bias and poten... Read More

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Content Topics

Usdcad

Sellers

Take

Price

Below

100

200 Tilting

Bias

100 200

Downside

Forex

Posted: Jun 3 2023, 00:05

Author Name: forexlive

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