The USDCAD pair encountered firm resistance at the 100-hour moving average, currently near 1.4329, halting the latest bullish push. The inability to break above this level triggered a downside rotation, signaling that buyers lacked the momentum needed to clear key near-term resistance. The 200-hour MA, located just above at 1.4343, also contributed to the ceiling. Going forward, a move above both of these moving averages would be needed to boost buyer confidence and shift the short-term bias more firmly to the upside.
On the downside, price is now pressing into a critical support zone between 1.4268 and 1.4278, defined by recent swing levels (noted by red circles) and the lower boundary of a short-term consolidation range. A firm break below this area would likely accelerate downside pressure, with the next major target being the 100-day moving average at 1.4252—a key technical level that hasn’t been breached since October 9.
Until price breaks clearly above 1.4329 or below 1.4268, the pair remains in a neutral short-term range. However, as long as it holds below the 100-hour MA, momentum leans bearish. Sellers will look to first push through the swing support zone, then target the 100-day MA to maintain downside control.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdcad technical outlook price reverses at 100 hour ma eyes swing area support at 1 4268 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.
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