USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair. ...Middle East

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USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair.
source : forex live ( Middle East ) () 16
The USDCAD on the daily chart, moved up to test the low of the swing area near 1.38045. The move higher earlier this week was held by oil prices moving to the downside. Today, oil prices are higher by about $1 and we are seeing a rotation to the downside in the USDCAD (higher CAD) as a result.Technically, the high price in the USDCADA yesterday extended to 1.3814. The high price today was lower at 1.3806. Buyers had their chance above those levels, and they could not stay momentum toward the high of the swing area.Today the price is lower after 3 strong days the upside held by falling oil prices.Drilling to the hourly chart below, the price rise yesterday extended above its 200-hour moving a

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