Forex technical analysis: Stronger Canada employment sends USDCAD lower
Falls below 100 and 200 hour MA (once again).
The better than expected Canada employment report has sent the USDCAD back below its 100 and 200 hour MAs. Those MAs come in at 1.3482 and 1.34854 respectively. For traders, that is a risk level for shorts after the much better employment data.