Crude oil futures higher by 1.76%. Keeps a lid on it despite USD strength
The USDCAD has a pattern developing. Over the last few days the 200 hour MA (green line in the chart below) has been getting a trader reaction. At the end of the day on Tuesday the price stalled at the level before moving below during the early hours on Wednesday. Later in the day yesterday, the price moved above and below on oil price swings. The high yesterday stalled right at the 100 hour MA (blue line).