38.2%, 200 hour MA and trend line in 1.3494-1.3501 area
The USDCAD is higher after the data this morning, and is up testing a cluster of resistance defined by the 38.2% of the move down from the May 18th high (at 1.3494), the 200 hour MA (at 1.3497), and trend line resistance (at 1.3501). Last Friday the price stalled at 1.3497. The price has not traded above the 200 hour MA since May 15th.