Falls below the 200 hour MA
The USDCAD has moved to a new session low after cracking below its 200 hour MA. That MA stalled at the 200 hour MA on Friday and again today.
The 100 hour MA (blue line) is at 1.33507 and is the next target. The 50% is at 1.33488 and is another target to get through. The 61.8% is at 1.3336 and the 100 day MA at 1.33177 are downside targets.
