Analysis Cryptos Support & Resistance

USDCAD rotates lower toward MA support after testing the low of the upper swing area

The USDCAD moved up to test a topside target area and backed off. The correction lower has moved back toward the 100/200 bar MA on the 4-hour charts. That area will be a key target that would need to hold support, IF the buyers area to stay in control with hopes for a break to the upside.

WIl the buyers step in on the dip?

This article was written by Greg Michalowski at forexlive.com.