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Breaks below the 2018 low price of 1.22445
Looking at the hourly chart below, a key catalyst for the move to the downside today from a technical perspective was the holding of the 100 hour moving average (blue line) at today’s highs. Sellers leaned against the moving average level, and the price action started to move back to the downside.
Search Web: USDCAD trades to the lowest level since September 2017
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