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Forex technical analysis: USDCAD falls sharply...bounces on no change

Discussion in 'Technical Analysis' started by ForexLive, Jan 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Quick move below 100 hour MA The USDCAD fell below the 100 hour MA () almost instantly at 1.4506 on a way to 1.4485. The quick correction higher took the price to 1.4548. The price is back down testing the 100 hour MA at 1.4506. BREAKING below 1.4506 for 2nd time as I type....and is back up to 1.4506. Market is finding buyers in this area.

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