USDCAD moves higher and away from 200 hour MA. What next?<p>The USDCAD moved above the 200 hour MA last Friday and after a test, bounced against the MA level. That MA is now close support. Stay above is more bullish. </p><p>The highs from September and early October loom above between 1.3807 to 1.3836. Above that and the 1.38548 will be the next target before moving into the 2020 extreme levels. </p>
This article was written by Greg Michalowski at forexlive.com.
Source: USDCAD moves higher and away from 200 hour MA. What next? (https://forexlive.com/technical-analysis/usdcad-moves-higher-and-away-from-200-hour-ma-what-next-20221010/https://forexlive.com/technical-analysis/usdcad-moves-higher-and-away-from-200-hour-ma-what-next-20221010/)
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