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Forex technical analysis: USDCAD remains in the 100 pip range

Discussion in 'Technical Analysis' started by ForexLive, Sep 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Above 100 hour MA (midpoint area). The USDCAD is testing the highs for the day and looks at a trend line (UPDATE: Breaking above now). The price is back above the 100 hour MA (now risk for longs). Earlier in the day, the price fell below the 200 hour MA but had plenty of other support that stalled the fall. Risk could be defined and limited at the bottom yellow are that runs from 1.3128 to 1.3146. There are a number of swing lows inthat area over the last 6 trading days.

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