USDCAD moves lower w/ the modest USD weakness today. Moves toward support target at 1.3765

The USDCAD has moved lower in trading today on USD weakness. In the process, the pair is moving away from topside resistance target between 1.3839 and 1.3855. The downside support comes near the 100-day moving average 1.3765. Devil also corresponds with the high of a swing area down to 1.37346.

In this video, I outline the technical levels in play and explain why.

This article was written by Greg Michalowski at Source