The fall is slower this week, but buyer still can't really win
As per the earlier post, the sellers remain in control in the USDCAD. The high today remained below the 100 hour MA. It stalled at a topside trend line.
The downside targets included lower trend lines. The first was at 1.2522. The low reached 1.25216 and buyers leaned, and bought/took profit.
The sellers are still more dominant but the patient buyers can, step in where risk can be defined and limited. It is likely just a trade/just some profit taking on a Friday. The topside trend line (see blue circles) and the 100 hour MA remain key. The 100 hour MA has not been broken since July 12th.
