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Forex technical analysis: USDCAD moved toward support target after strong report

Discussion in 'Technical Analysis' started by ForexLive, Oct 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The 100 and 200 hour MA approached The USDCAD has moved sharply lower after its employment numbers came out stronger than expected. The price has moved below the 200 day MA at the 1.32087. THe 100 hour MA (blue smooth line) comes in at 1.3181. The 200 hour MA (green smooth line) comes in at 1.3167. Those are support levels to get to and through for the sellers now.

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