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USDCAD moves higher and away from 200 hour MA. What next?

Started by forex4you, Oct 11, 2022, 02:01 am

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forex4you

Oct 11, 2022, 02:01 am
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?

forexlive.com
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