Home Forex Trading USDCAD reaches the next downside target – ForexLive

USDCAD reaches the next downside target – ForexLive

57 second read
0
6

Sellers remain in control

After re-breaking the 100 day moving average at 1.32238, the USDCAD selling has continued down to the next key target area at the 200 bar moving average on the 4 hour chart at the 1.31997 level.  Also at the level is a natural 1.3200 level.

Sellers remain in control_

Do buyers come in and stalls the fall or do we get continued selling with the 50% retracement at 1.31842 as the next target (see yellow area in the chart above)?

ForexLive

Let’s block ads! (Why?)


Source link

Comments are closed.

Check Also

Bitcoin Forex Signal: Weakly Breakout from Price Channel – DailyForex.com

The picture is a little more bullish, but the price is still being suppressed by the tripl…