USDCAD volatility continues as traders remain cautious of recent technical break. ...Middle East

The USDCAD is currently experiencing volatility, influenced by the rising oil prices following the OPEC decision. Despite a recent technical break below its 100-day moving average near 1.3560, traders remain cautious. This caution stems from an earlier instance this week where the price similarly broke below the 100-day average but failed to sustain the downward movement. Presently, the price has rebounded above the 100-day average and is approaching the 38.2% Fibonacci retracement level of the upward movement from the July low to the late October high, located at 1.35902.If this retracement level fails to act as resistance, it might signal a weakening of the selling pressure. Sellers had an

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USDCAD volatility continues as traders remain cautious of recent technical break. ...Middle East

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