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USDCAD stalls at the 200 day MA today. Now works back down toward 100 day MA.

The USDCAD yesterday moved below its 100 day moving average and 50% midpoint of the move up from the July low at 1.3397 and 1.3393 respectively after stronger-than-expected CPI data out of Canada. However, sellers turned to buyers, after the failed break, and the price moved back higher yesterday and into today (see 4 hour chart below). That rally today stalled right at the 200 day moving average (green line in the chart below) and the broken 38.2% retracement of the same move higher from the Ju...
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Posted: Sep 20 2023, 14:12
Author Name: forexlive
Views: 091150