The USDCAD is pushing back above the 200 hour MA

Technical Analysis

Author: Greg Michalowski | usdcad

Stay above is bullish

The USDCAD is pushing back above its 200 hour MA at 1.3578. It is also above the 38.2% of the move down from the June 26 high at 1.35763. 

Stay above is bullish
Traders will want to see the price stay above that MA level now and push toward the 50% retracement of the move down from June 26 high at 1.26028.  

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