Forex technical analysis: USDCAD tests broken 100 hour MA again




Are you going to keep the lid on the USDCAD?The USDCADis to save a new test of the 100 hour MA at 1.24802 level. That MA has been arrested in the Asian session, retested, is fallen, and is currently being tested for the 2nd time. Stay below is more bearish. Pass over and the sellers on the break, may waive the fail.

Going back in time, the 200-hour MA has not had a close below since September 18. On 20 September, the em has been tested on a dip. Since then, MY (green line ) has not really been identified. He is moving well and that makes a breach more easy if the sellers can overwhelm the dip buyers. If the sellers can remain in control, the 200 hour MA would be the next key target.
For the moment, however, it remains a distant target. If the sellers can keep a lid on the pair of 100 hours of MY it has a better picture. The sellers trying to keep control. We’ll see if they can stall the rally.



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