| Join us as we analyze the USDCAD's trading session on Victoria Day, a national holiday in Canada. Despite the subdued price action, important resistance and support areas have emerged, setting the stage for potential momentum in the coming days. The resistance area lies between 1.3517 and 1.35266, while the support area is defined by the 50% midpoint and a cluster of moving averages, including the 100-hour moving average at 1.3486, the 200-hour moving average at 1.3476, and the 200-day moving average at 1.3474. As the trading day concludes, traders will be closely observing for the next significant move, with 1.35266 serving as a key level on the topside and the break of the 200-day moving average at 1.3476 on the downside. Stay tuned for valuable insights and potential trading opportunities. |
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