USDCAD cannot extend below the 200 hour MA. Bouncing modestly into the close
USDCAD moved higher yesterday, extending toward a former support zone between 1.41297 and 1.41488 that has now become resistance. In early Asian-Pacific trading today, the pair reached 1.4128, just shy of the lower end of that swing area, where sellers stepped in and pushed the price lower.The pullback found support at the 100-hour moving average, where buyers slowed the decline and sparked a modest rebound.
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