Forex technical analysis: USDCAD catching up to rising MA/swing support area - ConsultFX

Forex technical analysis: USDCAD catching up to rising MA/swing support area

Today stayed below 100 hour MA.  Looks toward the 100 bar MA on the 4-hour chart. The housing data out of Canada was favorable and better than expectations. That is keeping the USDCAD at the lows for the day, but we are testing a key level that may stall the fall (at least a bit). Copyright 2015 Forexlive.com