The USDCAD moved lower after the softer-than-expected US jobs report. That move to the downside stalled against an old ceiling area between 1.36049 and 1.36154. The price started to rebound back to the upside. The move back higher was able to extend back above the 50% midpoint of the April trading range at 1.3661. That disappointed sellers and has led to more upside momentum. The move higher has taken the price back toward its 200-hour moving average at 1.36914. That 200-hour moving average did hold resistance, setting the level as the topside technical ceiling - at least for now.So overall support held near 1.3605 – 1.36154. Midpoint resistance did not hold near the 50% retracement at 1.366
Hence then, the article about usdcad bounces back higher after sellers had their shot and missed after the softer jobs was published today ( ) and is available onforex 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 bounces back higher after sellers had their shot and missed after the softer jobs. )