Held support ahead of its 200 hour moving average and sellers are turned buyers On the the topside the high from yesterday at 1.39569 is also the high for the week. The the pair has been mired in a 85 pip trading range for the week. That it is historically low if it were to remain through tomorrow. Unless you believe
USDCAD moves to a new session low
The USDCAD is moving away from the floor near 1.2730. , I commented on the 1.2730 floor level that was developing in the USDCAD chart. That level was a corrective floor yesterday and also stalled declines during the Asian and North American session today. The price has subsequently broken below that level and stay below the level.