Recent price action has been constructive. The pair moved back above both the 100- and 200-bar moving averages on the 4-hour chart (1.37966 and 1.3742), as well as the 100-day moving average at 1.3769. On Tuesday, it also cleared a prior swing area between 1.3812 and 1.38215, further confirming upside momentum.
For intraday traders, close risk sits at 1.3875 (the August 1 high), while more conservative risk is against the rising 100-hour moving average at 1.3838. The buyers continue to step higher, and momentum stays with them as long as these support levels hold.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usdcad technicals the usdcad stretches to new highs for the week 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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