USDCAD surges above 1.3300 level, Bulls take back some control above 200 hour MA. ...Middle East

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The USDCAD is running to the upside after breaking above it 200-hour moving average at 1.32665 earlier today. That was the first break above that moving average since December 13. The break above give the buyers a go-ahead to push to the upside.That run to the upside took the price above the natural resistance at 1.3300. It also broke above a swing low going back to December 20 at 1.33107. That area between 1.3300 – 1.33107 will now be close support for buyers looking for more upside momentum.On the topside and next major target comes against the 38.2% retracement of the move down from the December high to the December low at 1.33451. There is a swing area between 1.3348 and 1.3353 that is a

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Last updated : 02 January 2024 clock 06:52 PM

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USDCAD surges above 1.3300 level, Bulls take back some control above 200 hour MA. ...Middle East

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