USDCAD Technicals: USDCAD trades between the 100 hour MA above and the 200 hour MA below

The USDCAD fell yesterday after stalling at its rising 100-hour moving average, and an early-Asia bounce today failed beneath the 1.4105 swing area. That inability to extend higher invited sellers back in, pushing the pair below the 100-hour moving average and through the 1.4079 swing level. Momentum accelerated into a key support zone between 1.4060 and 1.40668, which also houses the rising 200-hour moving average at 1.40623. The low held just above that at 1.40665, and a rebound briefly reclaimed the 100-hour moving average before failing once again.

Price action is now caught between the 200-hour MA below (1.4062) and the 100-hour MA above (1.40966), with 1.4079 acting as a natural pivot in the middle

USDCAD Technicals: USDCAD trades between the 100 hour MA above and the 200 hour MA below

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Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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