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Forex technical analysis: USDCAD falls below MA support.

Discussion in 'Technical Analysis' started by ForexLive, Sep 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Tests the week lows The OPEC production cuts has sent the loonie higher, the USDCAD lower. The pair has moved below the 100 and 200 hour MA at the 1.3167 area, and is now trading below the lows for the week AND what was a prior support area (see lower yellow are in the hourly chart below). That area was defined by a series of swing lows (between 1.3128 and 1.31465).

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