Forex technical analysis; USDCAD makes a technical break for it

Discussion in 'Technical Analysis' started by ForexLive, Jul 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Pushes above cluster of technical level. Can the push hold? The USDCAD made a break for it. Moving above the 100 hour MA at 1.2964 (blue smooth line in the chart below), the 100 day MA at 1.29697, the 100 bar MA on the 4-hour chart at 1.29816, the 200 hour MA at the 1.2994 level (green line in the chart below) and the 50% of the move down from July high at 1.2999.

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