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USDCAD trades to new session lows

The USDCAD is trading to a new session alone in the process is testing a swing area between 1.3494 and 1.35039. Below that is the September 1 low at 1.34889. Get below those levels and traders will start to think about the 200 day moving average down at 1.3464 (green over late line on the hourly chart above).Close risk will be 1.35039. More conservative risk will probably be around the low price from yesterday's trade at 1.35202.Helping the upside is higher oil prices. The price of crude oil is... Read More

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Usdcad

Trades

Session

Lows

Forex

Posted: Sep 14 2023, 16:48

Author Name: forexlive

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