December 6, 2022

Forex Solution

Learn To Trade Forex

USDCAD staying below the swing area/lows

1 min read

200 day MA the next target

The USDCAD has moved below the support area  and the lows from the week (below 1.2568 – see earlier post here). The low price has reached 1.2551. The next target comes in at the 200 day MA at 1.2535.  The price of the USDCAD has not traded below the 200 day MA since August 16.  

Stay below the low of the swing low for the week at 1.2568 is the best scenario for shorts. Staying below the low of the swing area at 1.25778 is another risk target.
Invest in yourself. See our forex education hub.

Source link

Copyright © All rights reserved. | Newsphere by AF themes.