Trades back below 100 day MA
The better than expected Canada retail sales has sent the USDCAD lower and back below the 100 day MA at the 1.32947. The low has extended to 1.3287. The lows last week after the US FOMC decision saw the price move below that key moving average, but the price fall stalled ahead of the 50% retracement of the move up from the February 16th low. That level comes in at 1.3271. The low last week stalled at 1.3276.
Forex technical analysis: Better Canada retail sales send USDCAD below MA
