USDCAD trades up and down but below converged 100/200 hour MAs ...Middle East

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USDCAD trades up and down but below converged 100/200 hour MAs
source : forex live ( Middle East ) () 89
The USDCAD is waffling up and down in trading today with the current price trading near lows. Yesterday, the price closed below its 100 hour moving average (blue line) and 200 hour MA (green line). That is a bearish tilt technically. Today the 100-hour moving average and 200 hour moving average are near converged at at 1.3500. The high price today has reached 1.3495 - just below that level. Bears remain in control. For today and going forward, if the price of the USDCAD can stay below those moving averages, the technical bias tilts in the favor of the sellers. Move above and there could be more upside probing as traders react to the failed break and bias shift. On the downside, the next t

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