USDCAD breaks back below the 100 hour MA

WTI is back to unchanged on the day.

The USDCAD has moved back below the 100 hour MA at the 1.33412 level. The move lower may have been helped by oil prices which was down earlier. The low extended to $47.01. It is back near unchanged levels at $48.23.

The break is more bearish but the price action in this pair has been up and down since the FOMC tumble last week.

Looking at the oil chart, the price is below the 200 day MA at $48.64 but there was support buyers near trend line at $46.67. That has helped the price rebound today. Keep the 200 day MA (at $48.64) and the trend line (at $46.67) in mind going forward.