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.
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