From new highs to new lows.
The USDCAD is trading at new session lows now. After trading to and through a number of resistance levels, the price started to take back what was gained one by one. The first of significanc was the 200 hour MA at the 1.2992.
In a currency pair that traders are distrusting, that is all it takes sometimes. The 200 bar MA is the next target at 1.29165. A break below could see the pair working back towards the low from Thurday and Friday.
