Technical Analysis

USDCAD dips again under the 100 hour MA

Not prepared to maneuver above the 200 hour MA

The USDCAD is buying and selling in a 49 pip vary right now (due to a dip to new lows within the NY session). The autumn got here after a failed try at buying and selling above the 200 hour MA (inexperienced line). The value has been under the 200 hour MA since January third. The consolidation on the lows since January eighth after a development run decrease, has allowed the MA to meet up with the value. Now could be the time to select….greater or decrease.

 

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