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USDCAD up strongly today and moves toward next key target area

The USDCAD is breaking higher away from the 50% of the move down from the March high to the April low. The low came in at 1.35808. The low price today bottomed at 1.3585. Yesterday the price broke above the 50% retracement and also held support against that 50% level (at 1.3583). Bullish.Looking at the 4-hour chart above, the move to the upside has now approached the 61.8% retracement of the same move lower (from the March high). That level comes in at 1.36472. Just above that is a swing area be... Read More

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Usdcad

Strongly

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Forex

Posted: May 25 2023, 16:31

Author Name: forexlive

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