USD/CAD meets sellers at target after uptrend from 1.3750; 100-hour MA in focus

USD/CAD has trended higher since bottoming in early September near 1.3750 and has now stretched to a targeted upside level, where sellers have stepped in. The source does not report the current price, the size of the move, or the specific target level. Buyers have stayed firmly in control during the advance, and the rising 100-hour moving average has acted as a reliable floor. Over this period, there were only two hourly bars below that moving average. The first came on Wednesday after a slightly weaker US PCE inflation report. The second came on Friday after a weaker-than-expected US jobs report. Both breaks were quickly rejected, which shows that dip-buying demand stayed strong despite softer US data. For traders, the rising 100-hour moving average is the key technical gauge. Continued holds above it keep the bullish trend structure intact. A sustained break below it would be the first technical sign that the selling seen at the targeted level is developing into a broader decline.