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USDCAD moves back toward the 38.2% support target

USDCAD

USDCAD moves back toward the 38.2% support target

  • The 38.2% held support last week.
Greg Michalowski
Greg Michalowski
Monday, 20/05/2024 | 14:24 GMT-0
20/05/2024 | 14:24 GMT-0
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Adam Button
Adam Button
Friday, 17/05/2024 | 15:53 GMT-0
17/05/2024 | 15:53 GMT-0
Technical Analysis

USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.

USDCAD

USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.

  • What next for the pair as the week works toward the close
Greg Michalowski
Greg Michalowski
Friday, 17/05/2024 | 14:51 GMT-0
17/05/2024 | 14:51 GMT-0
Technical Analysis

USDCAD rebounds in trading today. Moves back toward 100 hour MA near 1.3650.

USDCAD

USDCAD rebounds in trading today. Moves back toward 100 hour MA near 1.3650.

  • The fall yesterday stalled at the 38.2% of the move up from the December 2023 low. That level needs to be broken to increase the bearish bias.
Greg Michalowski
Greg Michalowski
Thursday, 16/05/2024 | 14:18 GMT-0
16/05/2024 | 14:18 GMT-0
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