..but stays with the fenced boundary
The USDCAD made a break for the outer extreme in trading today – falling from the 100 and 200 hour MAs in the process ( see blue and green lines in the chart below). The fall took the price to the outer "fence" defined by lows going back to August 24th. There have been a couple of breakout attempts at the end and beginning of September, but those moves were quickly reversed.
Forex technical analysis: USDCAD moves away from 100 and 200 hour MAs (again)
