The next major test for buyers comes at the 50% retracement of the move down from the June high, which sits near 1.3676, followed by the key swing area between 1.36858 and 1.3692. That zone has acted as a key inflection point on multiple occasions in recent weeks and will be a crucial hurdle if buyers are to regain further control.
As it stands right now, however, the bulls are back in the driver’s seat, but they’ll need to prove themselves above 1.36763 and 1.36923 to turn the bias more convincingly bullish.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdcad technical outlook support holds eyes shift to 1 3685 1 3692 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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