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USDCAD trades back below 100 hour MA. Can the selller keep the momentum going

The better-than-expected Canada GDP brings the Bank of Canada back in play after their conditional pause in rate hike's. That has the USDCAD moving lower.Technically, the price just broke below its 100 hour moving average at 1.3612. The current price trades at 1.3608. On the downside a rising trend line cuts across at 1.35825. Below that, and the rising 200 hour moving average comes into focus at 1.35679. The price tried to move below that moving average last Tuesday, but failed on the break fai... Read More

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Content Topics

Usdcad

Trades

Back

Below

Hour

Selller

Keep

Momentum

Going

Forex

Posted: May 31 2023, 13:55

Author Name: forexlive

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