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Home ANALYSIS

USDCAD trades up and down. Traders waiting for the next shove.

A.R Chowdhury by A.R Chowdhury
September 14, 2020
Reading Time: 1 min read
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USDCAD trades up and down. Traders waiting for the next shove.

The USDCAD stays below the 100 hour MA

The USDCAD trades up and down between the 100 hour MA at 1.31824.  Above that is a downward sloping trend line at 1.3188.  On the downside, a lower trend line cuts across comes in at 1.3157.  

The USDCAD stays below the 100 hour MA

The traders are battling with the topside and downside levels defined and waiting for the next push.  

For bank trade ideas, check out eFX Plus

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A.R Chowdhury

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