USDCAD reaches the MA targets and backs off

The USDCAD stretched greater and in doing so, reached the 100/200 hour MA goal at 1.4385 to 1.43918 (see earlier video HERE). Sellers leaned on the risk-defining degree on the primary take a look at, and the worth has backed off.

If the consumers are to take extra management, getting and staying above these MAs is required to offer the consumers extra management.

If not, a rotation beneath the 1.4348 degree is required to offer the sellers some extra consolation and provides the consumers extra trigger for pause.

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



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