USDCAD buyers in control above the 50% retracement and a key swing area. ...Middle East

forex live - News
USDCAD buyers in control above the 50% retracement and a key swing area.
The USDCAD moved sharply higher yesterday after the better than expected US CPI data. The run to the upside extended above its 100-day moving average 1.3557. However the price rotated back to the downside in trading today, and move back below that moving average level.The corrective move lower returned to retest a key swing area between 1.3526 and 1.35428. Support buyers did show up in that area, which has helped push the price back to the upside where the 100-day moving average is being retested in the early North American session.Going forward, if the buyers are to remain in control, staying above the 1.3526 – 1.35428 would need to hold support. Conversely, sellers who are skeptical of the

Hence then, the article about usdcad buyers in control above the 50 retracement and a key swing area was published today ( ) 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.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDCAD buyers in control above the 50% retracement and a key swing area. )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News