USDCAD slumped towards the 200-day simple moving average (SMA) at 1.2495 after its bullish efforts to cross above the 50-day SMA and enter the 1.2700 territory collapsed, with the pair set to close 1.40% lower this week. Thursday’s session seems to have formed a bullish hammer candlestick in the chart, which foresees a reversal in price direction, […]
The post USDCAD Stops Near 200-SMA: Temporary Pause or Bullish Setup? appeared first on Action Forex.
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Daily Pivots: (S1) 161.70; (P) 161.95; (R1) 162.21; More… Range trading continues in EUR/JPY and intraday bias stays neutral for the moment. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 Read more…
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