| Join us as we analyze the recent price action of USD/CAD in this insightful video. Witness the back-and-forth movement of the pair, including today's trading session. Although the price has dipped below key moving averages such as the 100-day MA, 100-hour MA, and 200-day MA, it has found support from buyers at the 200-hour MA. The question arises: Will this last moving average be broken? Higher oil prices, up approximately $2 on the day, contribute to the downward pressure. Both buyers and sellers remain uncertain, resulting in volatile market conditions. However, if the 200-hour MA is breached, sellers are likely to gain more control. Stay informed about the developments in USD/CAD trading and the implications of the moving averages by watching this video. |
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