Tests 50% midpoint
The USDCAD has run lower after the better GDP/inflatoin numbers today.
The price moved from 1.3418 to a low of 1.3353 on the run lower. The low price stalled at the 50% midpoint of the move up from the March 20 swing low (start of the trend higher). That level is also near a swing low from March 22.
A move below should solicit more selling with 1.3346 and then 1.3330 (61.8%) the next targets. The 100 day MA is down at 1.3310 if things get more outta hand.
If the dip buyers vs the 50% retracement holds, The 200 hour MA at 1.3379 would/should solict sellers (risk for shorts who are looking for a break lower).
