midpoint

Heading into the end of the trading week, the US dollar rose against the Canadian dollar after hitting a new low during the previous week on the trading day. On the way to the bottom, the price returned below the 200-bar moving average on…

The USDCAD this week moved higher and in the process extended above its 38.2% retracement of the move down from the October high. It also moved above the 200-day MA currently at 1.34809 but stalled the rally at the 50% midpoint of the same…

AUDUSD holds onto gains above 50% midpointThe AUDUSD has consolidated the gains from yesterday which saw the pair move away from the 50% midpoint of the 2023 trading range. That midpoint level comes in at 0.67134. The high yesterday…