USDCAD moves lower as the election day continues. Tests 100 bar MA and swing area. ...Middle East

The USDCAD is moving lower in sympathy with the overall US dollar weakness ahead of the election vote and results (at least some of them) later today. The move lower was also helped by the failure to keep the upside momentum going after breaking to a new high for the year (and going back to 2022) on Friday. THe price gapped lower on Monday and momentum has continued today. The move to the downside has reached the rising 100 bar MA on the 4-hour chart at 1.38506. Below that, the price is testing a swing area between 1.3833 and 1.38475. If that level is broken, the swing lows from two weeks ago at 1.3813 will be the next target followed by a swing area between 1.3786 and 1.37919. Finally the

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USDCAD moves lower as the election day continues. Tests 100 bar MA and swing area. ...Middle East

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