USDCAD waffles above 200 hour MA today
Technical Analysis
Trades between 38.2% and the 200 hour MA
The USDCAD is waffling between its 200 hour MA below at 1.3400 and the 38.2% of the move down fro the July 20 above at 1.34330. The price high today reached 1.34352. The low for the day reached 1.3404. We currently trade between the levels at 1.3424 and awaiting the next shove.

Since then the pair has been waffling in choppy up and down trading. However that troublesome 200 hour moving average has been a pretty solid support level. Staying above gives the buyers some comfort for more upside probing. However a move back below should see that confidence the road, with the 100 hour moving average at 1.3382 the next target.
For now, there is a battle going on between the 2 technical levels.