Fall below 100 hour MA reversed.
The price of Crude oil is trading at $43.48 or down -1.6% op the day (see Ryan's post here). The fall has helped push the USDCAD back higher after an earlier move that saw the price break below the 100 hour MA. The 100 hour MA comes in at the 1.3246 level. Traders should start to use the level as a risk defining borderline to lean against on dips.
Topside trend line comes in at 1.3284 currently. That will be a topside target if the buyers can remain in control.
