USDCAD tests its 100 hour MA and backs off on the first look


100 hour moving average currently at 1.26747  The USDCAD has moved higher with the higher dollar today and in the process just tested its 100 hour moving average (blue line) currently at 1.26747. The sellers leaned near the level and have so far been able to hold and push a back down. The price has also moved back below the broken

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