FX:USDCAD U.S. Dollar/Canadian Dollar
FX:USDCAD The daily price action continues to move below the downward sloping connecting the peek set in late July to late August, but giving the appearance of sideways movement within a range between 1.2800 to 1.3100. This is supported by the daily 23MA steadying below the 53MA showing a weakening trend for this pair. As long as the price action continues to trade below the yellow , the direction is downward. Conversly, should price action bump above the the yellow and stay there for a few sessions, then the direction should follow the next upward sloping at 1.3100.