Moves away from 100 and 200 hour MAs
The USDCAD has pushed higher on the unexpected surprises in the weekly EIA inventories data., The push has the pair trading above a trend line. The high yesterday came in at 1.31255. The high from Monday extended to 1.3151 – just below the high from August 12 at 1.3156. Those are the next targets.
Forex technical analysis: USDCAD moves higher on big surprise build in EIA inventories
