USDCAD in neutral territory as price rebounds, traders await the next shove (up or down) ...Middle East

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USDCAD in neutral territory as price rebounds, traders await the next shove (up or down)
The USDCAD fell lower last Friday and in the process broke below its 100-day moving average at 1.3565 (blue line in the chart below), it's a 200-day moving average (green line in the chart below) at 1.3516 and 50% midpoint at 1.3495 respectively. Today, there was an extension to a new low going back to the end of September, but momentum could not be sustained and the price has since rebounded.Sellers had their shot below the 200-day moving average (green line in the chart below) and 50% retracement levels, and they missed. That is a bit more bullish.Having said that, the price is back above the 200-day moving average but still below the 100-day moving average at 1.3565. That puts the technic

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