USDCAD continues march higher

Discussion in 'Technical Analysis' started by ForexLive, Oct 20, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Oil prices. election results weighing the CAD down The USDCAD continues to march higher (see prior technical comment). The pair has pushed above the 200 hour MA (after taking a breather around the level) and is now pushing above the Sept 18 low at the 1.30097 level. Traders will likely eye the 1.30000 level for short term clues. The "natural" technical level, can be a point of failure or can propel a move. I give the benefit of the doubt to the trend/upside.

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