USDCAD hits a new high for the day.

Technical Analysis

Author: Greg Michalowski | usdcad

Moves toward the 100 hour MA/200 day MA

The USDCAD is trading up to new session highs as London/European traders look to exit.  The run up sends the pair toward key MA resistance against the 100 hour MA at 1.2619 and the 200 day MA at 1.2626.  

The high price from yesterday reached 1.26214. The high from Wednesday reached 1.26225. 

Lots of technical levels at 1.2619-26.

In another commodity currency, the NZDUSD fell below the 100 hour MA at 0.73567. Swing levels come in at 0.73437 to 0.73567.  

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