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Forex technical analysis: USDCAD moves away from 100 and 200 hour MAs (again)

Discussion in 'Technical Analysis' started by ForexLive, Sep 16, 2015.

  1. ForexLive

    ForexLive Forum Member

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    ..but stays with the fenced boundary The USDCAD made a break for the outer extreme in trading today - falling from the 100 and 200 hour MAs in the process ( see blue and green lines in the chart below). The fall took the price to the outer "fence" defined by lows going back to August 24th. There have been a couple of breakout attempts at the end and beginning of September, but those moves were quickly reversed.

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