USDCAD Technicals: USDCAD extends higher but stalls at key trendline resistance
As the trading week moves to a close, the USDCAD is moving higher in trading today, extending the week’s trading range after buyers leaned against an important cluster of moving-average support.At today’s low, the pair found willing buyers near its 200-day moving average at 1.38323 and the 200-hour moving average at 1.38258. When two technically important moving averages sit near one another, the area becomes more significant.
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