Here's a quick technical analysis on USDCAD with some fundamental background. For more visit ForexLive.com |
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Published on December 8, 2023
Here's a quick technical analysis on USDCAD with some fundamental background. For more visit ForexLive.com |
2023-11-29
USDCHF falls to support target area near 0.8728 – 0.8743 but rebounds, giving dip buyers confidence. What next?
2023-11-28
The USDCAD is moving lower as sellers gain control, with the 38.2% retracement level as a key risk. Breaking the 100-day moving average could further increase bearish bias.
2023-11-27
A technical look at the NZDUSD after buyers earlier today took a shot above the 200 day MA and the 50% midpoint retracement.
2023-11-23
The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far holding the rising 100 hour MA support. Staying above keeps the buyers more in control and will have traders looking toward the 50% midpoint of the move down from the July low at 0.65824. On Tuesday, that midpoint was tested but found willing sellers on the first look.
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