Tuesday, May 24, 2016

Forex technical analysis: USDCAD takes a quick tumble

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Falls to the 100 hour MA

The USDCAD has taken a quick tumble to the 100 hour MA at the 1.30987 level. The pair fell below the low for the day at the 1.3126 level and fell the next 28 pips without much in the way of support. There is some slowing at the 100 hour MA. The lows from yesterday also come in at 1.3098. So a key level.  


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