Forex technical analysis: USDCAD returns to 200 hour MA. Finds sellers. - ConsultFX

Forex technical analysis: USDCAD returns to 200 hour MA. Finds sellers.

Fell below MA line last Friday On Friday, November 3rd, the Canada employment report came out better than expected. That helped to pushed the USDCAD below the 200 hour MA. The fall ultimately bottomed just ahead of the 100 bar MA on the 4-hour chart today (see blue step line on the chart above). Copyright 2015 Forexlive.com