1.3042-51 is the area
The USDCAD has indeed extended below the 200 hour MA and tests a dividing area that dissects bullish above and bearish below. That area comes in at the 1.3042-51. From July 22 to July 31, there was one look above that failed. ON July 31, the market traded above and below but made a last push above. ON Friday, there were two separate lows at the level.
KEY TEST traders....It can go either way from here and sellers from above are taking some profit on the test. Will it be enough to change the sentiment back around? or will the traders go for more downside probing.
WTI Oil is up 1.85% on the day at 44.68. The high reached 44.83.
