The USDCAD experienced a decline following the release of the US CPI data, briefly dropping below a key support level near 1.35478. However, it quickly rebounded, surpassing several important technical indicators: the 200-hour moving average at 1.3567, the 100-hour moving average at 1.3583, and the 100-day moving average at 1.3590. The 100-day moving average now serves as a pivotal support and a critical level for determining the stance of buyers. Maintaining a position above this level is a bullish indicator.On the upper side, the currency pair's peak for the day was within a notable resistance zone, ranging between 1.3613 and 1.36224, and reached a high of 1.3616. This area also includes t
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