100 day MA and 50% retracement tested.
The USDCAD has moved to test the key 100 day MA and 50%retracement levels at 1.2691 and 1.26849 levels (see earlier post HERE).
Buyers are stalling the pair on the first test. You would expect profit takers on the first look. The buyers will be cautious, however. A break below the 50% level should increase the bearish bias.
On a correction, the 1.2730-36 will be eyed.
CLICK HERE for the back-technical story on the USDCAD.
