USDCAD trades up and down and back up again in volatile trading
globalreutersJanuary 27, 20251 Mins read While the EURUSD, GBPUSD, USDJPY and USDCHF point to a lower USD, the USDCAD is not so sure.
The USDCAD moved higher initially (higher USD), then fell toward a support and is back up. That has the pair higher on the day. However, the price is finding some stall near the 100/200 hour MAs between 1.43616 and 1.4375. Those MAs will be key barometer for the USDCAD today (and going forward).
For the full technical story, watch the above video.
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
Forexlive Americas FX news wrap: Growth concerns mount on a crazy day
Trump: Zelensky disrespected Oval Office and he can come back when he's...
Bessent gives away the game on the Mexico/Canada tariff strategy
It's getting easier to connect the dots on the North American trade...
EURUSD falls below midpoint of February range
The EURUSD fell after comments from Trump (and the U.S.), suggesting Ukraine—and...
Mexico open to new tariffs on China to avoid Trump duties
I think this is a big tell on the North American front.Bloomberg...
Leave a comment