Subscribe To
USDCAD ticking toward 100 day MA and cluster of resistance
The USDCAD has continued it's run to the upside after an early move above the 200 hour MA, ultimately led to the breaking above the confined range between 1.3344 and 1.3454 (110 pips - see red box in the chart below).
The momentum higher has now taken the price to a high in the current hourly bar at 1.34966. That is just short of the:
- 100 day moving average at 1.34997
- The broken 38.2% retracement of the move up from the August 11 low at 1.34995
- A swing area... Read More
Posted: Jan 18 2023, 20:32
Author Name: forexlive
Views: 101867
