USDCAD falls from high from 2024/highest level going back to 2020 ...Middle East

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The USDCAD moved higher in the Asian-Pacific session today and in the process got within 3 pips of the 2024 high at 1.4177 and the highest level going back to May 2020. Finding sellers against that level increases that level importance today and going forward. Getting above that level might be more difficult with the double-top now.Having said that, the move lower today extended to a swing area support area between 1.40889 and 1.41045. The low price reached 1.4092 which was also right at the 50% midpoint of the move up from last Thursday's low to the high price seen today. Stalling within that swing area and at the 50% keeps the buyers still in full control. It would take a move below that

Hence then, the article about usdcad falls from high from 2024 highest level going back to 2020 was published today ( Monday 09/12/2024 - 06:52 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 : 09 Dec 2024 clock 06:52 PM

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USDCAD falls from high from 2024/highest level going back to 2020 ...Middle East

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