USDCAD Retracement: Analyzing Movement Near 38.2% Retracement and 200-day Moving Average
Thursday, 11 July 2024, 15:56
USDCAD Retracement Analysis
The USDCAD pair recently witnessed a decline, halting its fall near key levels.
Important Markers
- 38.2% Retracement: Found at 1.35899
- 200-day Moving Average: Positioned at 1.35955
- Price Action: Touching a low of 1.3588 before bouncing
This suggests a crucial juncture for the USDCAD pair, providing insights for potential trading strategies and risk management.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.