USDCAD moved decrease and examined the 200-hour MA goal on the draw back (see earlier put up right here). Patrons stalled the autumn. The value moved again greater.
That transfer to the upside took the value again to the 100-hour MA (blue line) the place sellers at the moment are leaning.
So patrons are leaning towards the 200-hour MA on the draw back. Sellers are leaning towards the 100-hour MA on the topside. Merchants will now be on the lookout for the subsequent shove outdoors that space for the subsequent bias clues as patrons and sellers battle.