USDCAD bounces higher after two days of declines. Prices back above 2022 high at 1.3978 ...Middle East

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USDCAD bounces higher after two days of declines. Prices back above 2022 high at 1.3978
source : forex live ( Middle East ) () 66
The USDCAD moved lower over the last two trading days and in the process retested a swing area between 1.39458 and 1.39581. Support buyers leaned against that area (the 100 bar moving average of the 4-hour chart was also in that area), and has pushed the price higher in trading today. That move to the upside is now seen the price extend back above the 1.3978 level. Recall that level was the old high going back to 2022 which was broken last week. Yesterday the price fell back below that level increasing the bearish bias, but when the aforementioned support area held, and the price moved back above the level today, it resets the level as close support for traders today. Staying above would be

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