The pair touches session lows of 1.2830
More optimism overnight from the US side of things here to couple with the reports that the roadblock from NAFTA talks have been removed from two days ago provides fresh impetus for the loonie to move higher.
Also not forgetting the dollar weakness after the Fed decision yesterday of course.
But the key break is that of the 50.0 retracement level @ 1.2928 and the 1.2917 highs from October to December last year. The daily close yesterday sees the pair fall below those two levels, and that opens up a further move to the downside.
The next key level to watch out for will be the March low of 1.2803, followed by the 38.2 retracement level @ 1.2723.
