The USDCAD moved to a swing area target and 61.8 Retracement level this week and that area stalled the rise. In trading today, sellers have pushed lower but has run into support at the 100 hour MA. So buyer and sellers have defined the close support and resistance. Traders are waiting for the next shove outside one of those technical levels.
USDCAD backs off from topside resistance
- ... but the 100 hour MA stalls the fall for USDCAD
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