USDCAD falls toward the MA support targets. - ConsultFX

USDCAD falls toward the MA support targets.

Tested 50% and backed off  The BOC tightened yesterday and implied "gradual" hikes (whatever that means), but the CAD was caught in a USD run higher. Technically yesterday, the low stalled near the Monday low and spiked back higher. When it moved back above the 100 bar MA (blue line), the sellers gave up.