USD/CAD Moving Averages Converging Near 1.1665

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USD/CAD Moving Averages Converging Near 1.1665

By Greg Michalowski on May 15, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

usd-cad-may14-2009-1h

The USD/CAD 100H and 200H moving averages are converging near 1.1665. With the pair currently trading above this level, a test may happen in the near term. Below this level support may be found at 1.1605 and 1.1565. If the pair pushes higher, resistance will be encountered near the 1.1765 level.

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