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Forex technical analysis: USDCAD trades above 100 day MA and now 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Oct 19, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Also above trend line... The USDCAD is looking to test the buyers resolve. The pair has been stepping lower since peeking at the 1.3456 level back on Sept 29th and reached a low of 1.28313 on Thursday. That low saw the price move below the 100 day moving average (blue line in the chart above) for the 1st time since June 29th (the 100 day MA is currently at 1.29186).

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