Cluster of support defined by 38.2%, swing levels and 200 hour MA.

The USDCAD moved into a support area defined by the 30.2% retracement, swing levels and 200 hour moving average. All come in between 1.34758 and 1.34837. The low just touched 1.34802 and bounced (trading at 1.3491 now).

Cluster of support defined by 38.2%, swing levels and 200 hour MA.

Helping the bearish move today was a break of a trend line that started back on May 22. The correction higher in the London session, stalled near the underside of that trend line. The pair also traded below, above and is back below the 100 hour MA at 1.35069. That is close risk now for sellers looking for more downside momentum.