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USDCAD trades to 50% retracement. Below 200 hour MA.

Discussion in 'Technical Analysis' started by ForexLive, Sep 2, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Key area/Key test The USDCAD has moved below the 100 hour MA, the 200 bar MA on the 4-hour chart (at 1.3033). THe 200 hour MA at 1.30049 and even peaked below the 50% of the move up from the August 26th low. It was only a peak. The range for the day is 125 pips. The 22 day average is 97. So the range is a bit extended.

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