The USDCAD dips under 100 hour MA. Vendor have a win. Yipped. Can they hold management?

The USDCAD has dipped under the 100 hour MA at 1.3900. Final week, the value dipped under the MA however failed after discovering help at a swing degree, and bounced.

That is one other attempt that provides the sellers a win, IF the sellers can proceed the momentum going. If that’s the case, the 200 hour MA turns into the following key goal> That MA has not been damaged since means again on October 2 when the 100 and 200 hour MAs had been converged. That began the pattern transfer larger that took the value from aroujnd 1.3500 to the excessive this week at 1.3938.

So vendor have a victory lastly (YIPPEE), however can they hold the strain on?

This text was written by Emma Wang at www.ubaidahsan.com.



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