The USDCAD has ping ponged back up to the underside of the broken trend line and the 100 hour MA at the 1.2588 level. A move above should open the door for further upside momentum for the pair – with the high from yesterday at the 1.2643 level. the topside trend line and the highs from this week/last week in play at 1.27717 and 1.27982. Oil is moving lower which is helping the pair.
USDCAD testing the 100 hour MA.
Oil is moving lower which is helping the pair (down over 8% in trading today).
Crude oil is down 8.65% in trading today whiich is helping the USDCAD
