Between 100 and 200 hour MAs
The USDCAD fell back below its 100 hour MA in the early NY session (blue line) but that break was short lived, and the price moved back higher. As a result the pair is back trading between the 100 hour MA below at 1.33257, and the 200 hour MA above at 1.33527. The 1.33465 is the high today. A move above would help the bulls. Getting back below the 100 hour MA would be more bearish.
The crude oil data is showing a huge draw of 9.59M barrels which is way above the 1750 build expected. As a result, the price of crude has shot higher (new high of $59.60). The price of the USDCAD is down testing its 100 hour MA. The
