Forex technical analysis: USDCAD not showing USD weakness

Discussion in 'Technical Analysis' started by ForexLive, Nov 14, 2017.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Reverses higher after earlier dip The USDCAD fell below the 100 hour MA shortly after the US PPI report. The price also moved back below a broken trend line (see chart below). That break failed and the next hourly bar stalled at that MA line. Buyers showed up and sellers turned back to buyers.

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