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USDCAD stays below 200 hour MA but price action is up and down

The USDCAD fell sharply on Friday on the back of the much better than expected jobs report. The number of jobs added was 150K which was well above the 15k expected. The prior month was revised lower to 69K from 104K previously reported, but with a two month gain of 219k, the job data is solid.

The move lower on Friday saw the price move below the 200 hour MA and stay below. Today, the rally higher in the Asian session stalled at the 200 hour MA and rotated lower.

So sellers are... Read More

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Content Topics

Usdcad

Stays

Below

Hour

Price

Action

Down

Forex

Posted: Feb 13 2023, 16:39

Author Name: forexlive

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