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USDCAD tests its falling 100 hour MA on bounce off

USDCAD tests its falling 100 hour MA on bounce off
The USDCAD fell below its 100-hour moving average back on May 31. On that day, the price high stalled against the high from March 26 near 1.36539. Over the next 8 trading days, the price moved lower on 7 of those days. That took the price to a low on Friday at 1.3313. At that low, it tested the May 8 low at 1.33132. The full move up from the May low was retraced. The price bounced off that support level into the close (and closed at 1.33375).In trading today, the price initially moved modestly... Read More
Posted: Jun 12 2023, 14:34
Author Name: forexlive
Views: 110730

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