USDCAD gets in the dollar selling. Breaks 100/200 hour MAs

Discussion in 'Technical Analysis' started by ForexLive, Jan 12, 2018.

  1. ForexLive

    ForexLive Forum Member

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    100 and 200 hour MA converged at 1.24889 The USDCAD is getting in the USD selling and trades below the converged 100 and 200 hour MAs. Those MAs held support earlier in the day and the fall below turns the bias back to the bearish side. The level is now risk.

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