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USDCAD trades to a new low and centers within the 100 and 200 hour moving averages

The USDCAD has seen moves up and down today. The price started the day below the 100 hour moving average (blue line in the chart above), but failed as support buyers leaned near the 50% midpoint of the range over the last few weeks.

Since that initial dip the price has traveled above and below the 100 hour moving average on a number of different occasions.

The most recent move has been to the downside, which has taken the price to a new session low for the day and also just belo... Read More

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Content Topics

Usdcad

Trades

Centers

Within

Hour

Moving

Averages

Forex

Posted: Nov 23 2022, 20:21

Author Name: forexlive

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