USDCAD finds sellers towards the falling 100 hour MA protecting the sellers in management

The USDCAD broke decrease final week, falling beneath the important thing assist zone (1.4260 – 1.4466), signaling a shift in management to sellers. Earlier within the month, a value spike above this vary on Canada tariff information was rapidly reversed. Now, so long as the pair stays beneath this vary, sellers keep management.

On the resistance aspect, the 100-hour transferring common (1.4214) serves as a key barrier. As we speak’s value briefly examined this degree however confronted robust promoting stress, aided by stronger-than-expected Canadian CPI knowledge.

For additional draw back affirmation, watch the 1.4194 – 1.4208 swing space—a break beneath this vary may give sellers extra confidence in short-term buying and selling.

The video above gives an in depth technical breakdown. Keep conscious. Keep ready.

This text was written by Emma Wang at www.ubaidahsan.com.



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