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USDCAD sniffs the 50% midpoint of the move up from October 2021 low

The USDCAD moved to a new low going back to September 2022, and in the process sniffed the 50% midpoint of the move up from the October 2021 low. The level comes in a 1.3132. The low price came in at 1.3137 and has seen a bounce back up toward 1.3154 currently.Drilling to the hourly chart below, the corrective high off the low has found some resistance against the swing lows from Friday and Monday near 1.3178. The high price just reached 1.31788 and rotated back down. In the short term, getting... Read More

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Usdcad

Sniffs

Midpoint

Move

From

October

2021

Forex

Posted: Jun 22 2023, 14:48

Author Name: forexlive

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