USD/CAD: 34 Moving Average acted as support

USD/CAD: 34 Moving Average acted as support

2019-11-11 • Updated

There's a bullish 'Hammer', which has been confirmed. Also, the 34 Moving Average has acted as support. Thus, it's likely that the pair is going to reach the next resistance at 1.3563. If a pullback from this level happens next, there'll be a moment for a downward correction towards the previously tested support at 1.3396.

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