The USDCAD finally fell yesterday after nine straight days to the upside. That move higher took the price from 1.34198 to a high yesterday of 1.38378 (418 pips in nine trading days).The price low yesterday reached 1.3769, which was just short of the rising 100-hour moving average. In trading today, however, the price has now broken below that rising 100-hour moving average currently at 1.3778. In the short term, that tilts the bias more to the downside. Staying below the level would give sellers some control in what has been a buyer-dominated trend move. Traders could use that level/area as a stop-defining level. Stay below and more downside probing can be expected. Move back above, and my
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