USDCAD muddles along today but remains above key moving average support.Can that continue?

The USDCAD is “muddling along” today, but remains above its key moving average support defined by the 100 bar moving average on the 4-hour chart at 1.35468. The 50% midpoint at 1.35378 and the 200 bar moving average just below that level at 1.3536 are also support levels that if broken would increase the bearish bias.

In this video I take a look at the USDCAD pair from a technical perspective and explain why levels are important and what are the risks and targets going forward.

This article was written by Greg Michalowski at www.forexlive.com.