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USDCAD tests 100 day moving average

The USDCAD is extended to a new session high and in the process testing/moving above the 100-day moving average at 1.35116. Just above that level is a key swing area floor that stalled the market between April 21 and May 5. That area comes between 1.3517 and 1.35266 (see red numbered circles). The floor area should be a solid resistance on the 1st test.In a trading yesterday, the price moved sharply to the upside and in the process moved above the 200-hour moving average (green line in the chart... Read More

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Usdcad

Tests

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Forex

Posted: May 12 2023, 14:31

Author Name: forexlive

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