USDCAD bouncing off MA target. ...Middle East

Since the successful test of the 200 bar moving average on the 4 hour chart, the rebound has carried the pair back above a third key reference point—the 100-bar moving average on the 4-hour chart at 1.3814. Together, these three levels—the 100-day MA (1.37626), the 200-bar MA on the 4-hour (1.37844), and the 100-bar MA on the 4-hour (1.3814)—form the pivotal zone that will guide the bias in the new trading week.

So far, despite the declines from Friday's close, the support has held keeping the buyers in play and in more control.

This article was written by Greg Michalowski at investinglive.com.

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