![cad to usd cad to usd](https://images-media.currency.com/daf76334/d05b/546b/9f6a/64e0e9de7a46/on_page/shutterstock-1273618453.jpg)
Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. Leverage creates additional risk and loss exposure. The sellers are in control.įoreign exchange trading carries a high level of risk that may not be suitable for all investors. The subsequent fall saw the price move back below the 100 hour moving average and more recently below a swing area between 1.32766 and 1.32912. The GBPUSD at the New York session high stalled against its 200 hour moving average and 50% retracement of the move down from the November 18 high near 1.3351. A break below 0.68025 would open the door for a move toward the low from yesterday at 0.67716. The 100 hour moving average is now risk for sellers (the sellers are in control). The subsequent fall has now taken the price to a swing area between 0.6802 and 0.68087, and also below its 100 hour moving average at 0.68255. The last time the price traded above that moving average was on November 9.
![cad to usd cad to usd](https://www.interchangefinancial.com/wp-content/uploads/2020/11/Cad-Symbol.png)
The NZDUSD was able to extend above a swing area between 0.68548 and 0.68611 but failed on that break, and also could not get to its falling 200 hour moving average currently at 0.68788. That level was 10 pips above the 38.2% retracement of the move up from the 2020 low at 0.70525. A break below that would target the low from yesterday at 0.7062. The price - like the USDCAD - has been down for six consecutive hourly bars and looks toward a swing low from yesterday near 0.70919. The will back below the 100 hour moving average helped to reset that level as resistance. The price for the pair has not traded above its 200 hour moving average since November 2. The AUDUSD stalled near the 0.7170 level and ahead of the falling 200 hour moving average currently at 0.71794. The pair has been up for six straight hours now and looks to test the high price from yesterday at 1.28362. The pair got a bigger boost after oil prices started to come down on the back of the omicorn news (rightly or wrongly). The USDCAD fell earlier in the session as oil rebounded from recent lows and stocks climbed, but reversed course after bouncing off its 200 hour moving average.