Forex technical analysis: USDCAD not showing USD weakness - ConsultFX

Forex technical analysis: USDCAD not showing USD weakness

Reverses higher after earlier dip The USDCAD fell below the 100 hour MA shortly after the US PPI report. The price also moved back below a broken trend line (see chart below). That break failed and the next hourly bar stalled at that MA line. Buyers showed up and sellers turned back to buyers.   Copyright 2015 Forexlive.com