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USDCAD steps higher and in the process finds the next upside target area and stalls.

The USDCAD experienced an upward move yesterday, surpassing a significant swing area range spanning from 1.3687 to 1.3700. This ascent led the price into another key swing area, ranging between 1.3736 and 1.37433. Within this region, traders have engaged in a tug-of-war, resulting in a consolidating pattern with a recent low at 1.3714.Currently, there's a battle between buyers and sellers centered around the support and resistance within the swing areas (see red and blue numbered circles on the... Read More

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Content Topics

Usdcad

Steps

Higher

Process

Finds

Upside

Target

Area

Stalls

Forex

Posted: Oct 19 2023, 15:12

Author Name: forexlive

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