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USDCAD ticks to a new high and tests the 200 day MA in the process

USDCAD buyers are currently pushing the price higher, with resistance encountered near the 38.2% Fibonacci retracement level of 1.33963, which is just below the 200-day moving average at 1.3400. In the past 4 hours, the lowest trading price reached 1.3381, while the highest was 1.33988. However, selling pressure is emerging, as the price has already dropped to 1.3393.Yesterday, the price rose above the 200-day moving average, remaining above it for six consecutive hourly bars, with the highest p... Read More

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Usdcad

Ticks

High

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Forex

Posted: Apr 18 2023, 19:09

Author Name: forexlive

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