First test, stalls at the area
The USDCAD has the:
- 200 day MA at 1.3303
- The 100 hour MA at 1.33038
- Trend line resistance at 1.3299
- The 61.8% of the move down from the March 10 high at 1.3308
all trading within 10 pips of each other.
The high extended to 1.3307 so far today and the price rotated lower. We just traded back to 1.3299. So sellers are trying to keep a lid on it. A break and there should be some stops triggered.