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Forex technical analysis: USDCAD moving above 200 day MA

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Up and down activity today. The oil data showed a draw down in most inventories including crude oil. The exception was gasoline which showed a increase. The price of crude oil initially rose on the news but has since moved back lower (kinda like the activity in most currency pairs today). That decline has helped to push the USDCAD above the 200 day MA at the 1.3234 level and to new highs for the day.

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