After break FAILED
The USDCAD is back up retesting the "ceiling" at the 1.34386-43 area. That came after what should have been a meaningful break lower below the 100 hour MA and trend line. Instead that earlier break failed, and sellers turned to buyer. It sticks, but it happens.
So the ceiling is being tested for the 7th time since March 8th (see red numbered circles). A break above should solicit more buying with the March high at 1.3466 the target. That high is the highest level since January 4.
