The USDCAD moved increased after the PPI however did discover keen sellers towards its 100 hour shifting common (see the video above). The value has since rotated again to the draw back and is retesting it at 200 day shifting out at 1.3479. That shifting common (see inexperienced line on the chart under) can be a key barometer for each consumers and sellers in buying and selling at this time and sooner or later.
Transfer under could be extra bearish. Staying above we maintain the consumers nonetheless in play and in management.
This text was written by Greg Michalowski at www.forexlive.com.
