Wednesday , September 28 2022

USD / CAD decreases to almost two weeks low, as a risk rally catches up


USD / CAD falling to a low of 1.3160 ​​on the day


The fall closes at 1% now as the pair trades at its lowest level since November 20. It's the case of a double whammy for USD / CAD because a risk helps boost the feeling in the gap while weakening the dollar, but oil also benefits from & # 39: The regeneration is at risk and that helps to add a second layer of requests in love.

The price now looks at 61.8% @ 1.3132 level as the next layer of support before the bidding comes at 1.3100. Then the key levels will follow that of the MA 100 days (red line) @ 1.3079 and then the MA 200 days (loop line) @ 1.3007.

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