Forex Daily Technical Analysis USDCAD – USDJPY
The USDCAD broke through the intraday resistance at 1.3180 and knocked the older highs at 1.3195/00 to hit 1.3208. That is an overly bullish forex signal for the pair as long as USD stays above the 1.3180 level is a buy. Also the pair is trading well above and away from the 100H EMA. First target at 1.3228.
The USDJPY rallied hitting the daily high at 103.35. The price has moved back lower by sellers and the price is looking to test support against the 200 hour MA, the 38.2-50% retracement of the move higher and the rising 100 hour MA. As long as USDJPY stays above the 100h MA the technical bias remains positive.
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