Forex technical analysis: USDCAD can’t keep the buying feeling
Buyers had their chance above the 100 hour MA.
The USDCAD has been under pressure since last Monday when BOC Wilkin’s hinted of a more hawkish stance ahead. That was followed by comments from Poloz on Tuesday. The pair bottomed on Wednesday, corrected tot he 100 hour MA (blue line) and 38.2% on Thursday and held below the falling 100 hour MA on Friday.