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USDCAD surges after the stronger US jobs reports. The USDCAD tests key moving averages.

USDCAD surges after the stronger US jobs reports. The USDCAD tests key moving averages.

Technical Analysis
Greg Michalowski
02/02/2024 | 14:39 GMT
  • The 200 hour MA and the 100 bar MA on the 4-hour chart being tested. A break opens the upside.

The USDCAD is moving higher after the US jobs report and tests a key dual moving average level. Moving above would have traders looking toward 1.3466 and then the 200 day MA at 1.3479.

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