USDCAD Setup
Looking at the chart below the pair moved from a low of 1.3309 to a high of 1.3666 overnight. During Friday's session, the price has now moved back toward the 55 Exponential Moving Average and found some support.
If the trend is to continue lower a break of the red trend line could be a good signal on the short side. In the way would be the 200 Simple Moving Average, 55 Exponential Moving Average and 1.3482 support area.
If the trend is to continue lower a break of the red trend line could be a good signal on the short side. In the way would be the 200 Simple Moving Average, 55 Exponential Moving Average and 1.3482 support area.
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