The USDCAD is consolidating with a key swing area target putting a lid on the pair ...Middle East

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In the post yesterday on the USDCAD, I spoke of support on the daily chart going all the way back to February 2024 and March 2024. Those lows came in at 1.3412 and 1.3419. Yesterday the low price reached 1.34189, and started to bounce. In that same post I talked about target levels at 1.3465 and 1.3486. The 1.3486 was a swing level going back to August that had a number of different swing highs and swing allows.By the close yesterday, the price was banging against that upper target and in the early Asian session, the banging against resistance continued. Buyers could not get above that level, and the sellers took over - pushing the price back down toward the 1.3465 level. Since then, the pr

Hence then, the article about the usdcad is consolidating with a key swing area target putting a lid on the pair was published today ( Thursday 26/09/2024 - 07:37 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 : 26 September 2024 clock 07:37 PM

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The USDCAD is consolidating with a key swing area target putting a lid on the pair ...Middle East

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