USDCAD remains in the up and down range with a bullish bias ...Middle East

The USDCAD has moved up and down since mid-April. Most of the trading has been between 1.36049 and 1.3803 (around 200 pips) in between 6100 and 200 bar moving averages on the 4-hour chart near 1.3685. Prior to the FOMC rate decision and after the US CPI data yesterday, the price move down to test those two moving averages and found willing buyers/profit-taking. The FOMC rate decision help to push the price higher.That move to the upside did stall the rise near the 61.8% retracement of the range since the April high at1.37475. The subsequent fall took the price back down toward the 50% midpoint of the same range at 1.37173.For today, those retracement levels will be used as close support and

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