In this video, I take a look at the technicals that are driving the USDCAD price action. Today the price has moved below its 200 day moving average at 1.34785. That gives the sellers some control. However, the price lows today did find support buyers between a cluster of moving averages between 1.3446 and 1.3467.
This article was written by Greg Michalowski at www.forexlive.com. Source