USDCAD falls below its 100 hour moving average
The USDCAD is trading to a new session low and in the process is breaking below its 100 hour moving average at 1.28808. THe price is currently trading at 1.2875.
The next target area comes between 1.2853 and 1.28673 (see red numbered circles).
Crude oil is moving higher, up up $0.44 at $71.57. That is helping the CAD a bit.
US major indices are now all positive with the the S&P and NASDAQ up 0.25%.
Crude oil inventory data will be released at the bottom of the hour.
