USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair. ...Middle East

The USDCAD on the daily chart, moved up to test the low of the swing area near 1.38045. The move higher earlier this week was held by oil prices moving to the downside. Today, oil prices are higher by about $1 and we are seeing a rotation to the downside in the USDCAD (higher CAD) as a result.Technically, the high price in the USDCADA yesterday extended to 1.3814. The high price today was lower at 1.3806. Buyers had their chance above those levels, and they could not stay momentum toward the high of the swing area.Today the price is lower after 3 strong days the upside held by falling oil prices.Drilling to the hourly chart below, the price rise yesterday extended above its 200-hour moving a

Hence then, the article about usdcad struggles to maintain bullish technical momentum a deep dive into the usdcad pair was published today ( Thursday 09/11/2023 - 06:36 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair. )

Also on site :

• The essentials in your ‘big shop’ set to cost even more thanks to the energy crisis
• Researchers let AI models run a simulated society. Claude was the safest—and Grok committed 180 crimes and went extinct within 4 days
• Walmart's ‘Cute’ $12 Swim Shorts Are Stretchy, ‘Flattering,’ and Available in 19 Colors Ahead of Summer