| USDCAD finds support near 200 bar MA, potential resistance near 200 day MA. |
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USDCAD rebounds above moving averages but faces resistance at key area
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After falling below a crucial floor, the USDCAD bounced back and crossed several moving averages. The 100-day moving average now acts as support, while a swing area and the 38.2% retracement level pose as resistance.
USDCAD Technical Analysis
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Here’s a quick technical analysis on USDCAD with some fundamental background.
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