USDCAD can’t get – and stay -above the 100 hour MA. The lows from Friday and Monday eyed.

The USDCAD has it tried to move above its 100 hour moving average on a number of occasions, but fails before reaching its 200 hour moving average above that level. That keeps the sellers more in control. The buyers need to get above the 100 hour moving average and stay above that level to take back more control. On the downside, the low from last Friday and Monday is the next key target near 1.3171.

This article was written by Greg Michalowski at Source