USDCAD moves lower to test rising 100 hour MA ...Middle East

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USDCAD moves lower to test rising 100 hour MA
source : forex live ( Middle East ) () 46
The USDCAD pair has moved lower during the North American session as declining US yields and rising oil prices weigh on the pair. Technically, the price has fallen below the 200-hour moving average at 1.3509, while finding support near the rising 100-hour moving average at 1.3494. Trading between these moving averages reflects a neutral technical bias. Yesterday, the price briefly broke above the 200-hour moving average and surpassed the 50% midpoint of September's trading range at 1.35328 but failed to sustain the momentum, closing lower. Today, the price once again rose above the 50% level but quickly retreated. Buyers had their opportunity but failed to capitalize.Buyers had their shot an

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