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Forex technical analysis: USDCAD trying to extend (and stay) above 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, May 13, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Level comes in at 1.1297 The USDCAD is pushing above the 100 hour MA for the 2nd time as the dollar buyers try another push in the major pairs (EURUSD making new session lows). The 100 hour MA comes in at 1.2897. The pair is currently trading at 1.2906. The holding of the 200 hour MA today, gave buyers a reason to stick a bullish toe in the water. Yesterday the 1.2770 support target held ().

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