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USDCAD breaks above 100 day MA. Scoots higher.

Discussion in 'Technical Analysis' started by ForexLive, Aug 22, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    This time the break leads to new buyers The 100 day MA in the USDCAD was tested on two separate occasions earlier today and each time, sellers emerged. Admittedly, the selling could only move the price down above 30 pips to support at the 1.2900 level as outline in a prior post. That level corresponded with prior low/high. The move above today started to find buyers against the level.

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