200 hour MA at 1.3097 level
The USDCAD is moving lower and tests the 200 hour MA at the 1.3097 level. The price moved below the 200 hour MA on Friday on two separate occasions. Each one failed. This is a key test. As the pair is also in the vicinity of number swing lows from last week’s trading (see chart below).
Forex technical analysis: USDCAD trades at days lows. Tests support.
