The move to the downside has taken the pair toward a cluster of support, including:
Swing low level: 1.38127
The session low has so far reached 1.38144.
Buyers will look to lean against this cluster - they stop on a break below - to build a rebound.
Adding to the bearish tilt, the pair failed to extend above the swing area between 1.3878 and 1.3917 last week. On the flip side, the 200-bar moving average has repeatedly acted as support, increasing its importance as a pivotal level to watch.
The battle zone between the buyers and sellers at the key technical level.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about usdcad moves lower after better manufacturing sales data what are the technicals saying 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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