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USDCAD waffles up and down after testing key support area on Friday/early today

The USDCAD is consolidating today after it moved down to test the 100 day MA on Friday and in the early hours of trading today. The 38.2% of the move up from the 2021 is also near the 100 day MA (at 1.3224) as well as a swing area between 1.3207 to 1.32228. That makes the 1.3207 to 1.3224 area as a key target area on the downside.

So far, the low on Friday and today (1.1335 and 1.1338) has held the area. Early buyers have leaned. However, the up and down price action today (see hourly... Read More

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Content Topics

Usdcad

Waffles

Down

After

Testing

Support

Area

Friday

Early

Friday early

Forex

Posted: Nov 14 2022, 16:25

Author Name: forexlive

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