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Forex technical analysis: USDCAD approaches 100 day MA support target

Discussion in 'Technical Analysis' started by ForexLive, Sep 22, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    The pair has been on a downward trajectory since breaking below floor yesterday The USDCAD is looking to test it's 100 day MA at the 1.29894 level. The 61.8% of the move higher from the September 7th low is not far away from that level at the 1.29836 level. The combination should be supportive to the pair on the first test with stops on a break below.

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