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USDCAD stalled near 100 hour MA/swing area today. Increases levels importance

USDCAD stalled near 100 hour MA/swing area today. Increases levels importance
The USDCAD has seen down and up price action today. The low for the pair was reached soon after the CPI data this morning. That low dipped below the swing low from April 18 and April 17, but quickly rebounded with the dollars rebound back to the upside. The move back higher took the price up toward its falling 100 hour moving average (blue line) currently at 1.34055, and also into a swing area between 1.34044 and 1.34214. The high price today reached between that swing area at 1.34142 before... Read More
Posted: May 10 2023, 19:08
Author Name: forexlive
Views: 110662

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