USDCAD moves higher with the dollar strength after US/China tariff suspension
The USDCAD has moved higher in response to the lower China/US tariffs (or suspension of the tariffs) and the overall USD buying. The price has risen toward a cluse or MAs, swing and retracement tar...
The USDCAD has moved higher in response to the lower China/US tariffs (or suspension of the tariffs) and the overall USD buying. The price has risen toward a cluse or MAs, swing and retracement targets starting with the:
- 200 are moving average on the 4-hour chart at 1.39874.
- The 200 day moving average of 1.40106,
- Swing area between 1.4009 and 1.40268, and the
- 38.2% retracement of the move down from the March high. That level comes in at 1.40525
The high price has reached 1.39983 and is waffling above the high price from March 15 at 1.3977, and the overhead resistance near the aforementioned technical targets.
In the video, I go through the technical clues that are driving this currency pair. Be aware. Be prepared.
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