Technical Analysis

Powerful to select a backside, however USDCAD exams a key space

200 day MA and 61.eight% 

200 day MA and 61.8% 
It’s powerful to select a backside, however the USDCAD is testing the 200 daay MA and 61.eight% within the 1.3113-18 space. Maintain could be good for a bounce. Break and stops triggered.  

On a bounce the 1.31599 could be eyed (swing low from December).  The low from earlier this yr reached 1.3179.

The pair moved from 1.3210 earlier than the quantity to the lows (rather less than 100 pips). For the day, the USDCAD has moved an outsized 163 pips (down 143 pips on the day)


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