Stops triggered and the price races toward the 100 hour MA
The USDCAD has maintained a lid against the 200 hour moving average. That moving average was tested at three times over the last 24 hours. It wwas just broken, stops were triggered and we are seeing a move higher. The next target comes in against the 100 hour moving average of 1.3490. The 1.3500 level will also be a target level for buyers. The 50% of the move down from Monday high comes in at 1.3493 increases that areas importance