The 100 hour MA and trend line broken at 1.34074
THe USDCAD broke below the 100 hour MA and a rising trend line at 1.34074. The price scooted to 1.3395, but the price is back up retesting the area. If the sellers are to keep control and make the break meaningful, the sellers need to hold the break area here.
The good news for sellers is there is a strong ceiling at 1.3438-436. The not so good news for the sellers is that if this break fails, the sellers could easily give up and lead to another test of that ceiling.
Key time here for traders.
(shorts give it a few pips).
