Momentum carried the pair up to test the 100-hour moving average and the 50% retracement of the June decline, both converging between 1.36599 and 1.3668 with the high at 1.3665. This dual technical confluence is acting as initial resistance, and so far, sellers are leaning against the zone.
Key levels to watch:
Support: 1.36337–1.3650 (swing zone),
Bias: Bullish above 1.3650, with key hurdle at the resistance confluence
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdcad rebound tests key resistance zone was published today ( ) 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.
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