EURCAD has moved above the 7-year trend line resistance, the previous support. The pair is now eyeing the 200-DMA, which comes at 1.4833, closely followed by 200-WMA at 1.4853. Don't be surprised if the pair moves there in abrupt fashion given the overall CAD weakness.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.