Forex technical analysis: USDCAD falls below MAs. New lows (and other levels)

Falls below yesterday's low too

The USDCAD is trying to make a break for it.

• Break below the low from earlier today at 1.3355
• Break below the low from yesterday at at 1.3353
• Break below trend line at 1.3354
• Break below 200 hour MA at 1.3354.
• Break below the 38.2% at 1.33562

Oil prices are up about $1.00 and trading near highs for the day (at $49.34 now/high $49.40).

Targets are the 50% at 1.3338 and the low from Monday at 1.3320. That also corresponds with the 61.8% retracement.