USD/CAD dips below key moving averages, bias shifts to the downside. ...Middle East

USDCAD sellers are making a play in the early North American session. The price has moved below its 100-hour moving average and 100 day moving average both at 1.35858. More recently, the price has dipped below its 200-hour moving average at 1.35687. Staying below those levels tilts the bias more to the downside for the USDCAD. It would take a move above those levels to switch the bias back in favor of the buyers.On the downside, the next target comes against the 1.35478 (swing level - see red number circles on the chart below). Move below that level in the 200-day moving average at 1.3515 would be targeted.Sellers are making a play in the USDCAD with the breaks below 3 key moving averages.

Hence then, the article about usd cad dips below key moving averages bias shifts to the downside was published today ( Monday 11/12/2023 - 06:21 PM ) 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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Last updated : 11 Dec 2023 clock 06:21 PM

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USD/CAD dips below key moving averages, bias shifts to the downside. ...Middle East

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